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Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... rapidly in China, and major strides were made in Hong Kong with the issuance of eight virtual banking licenses. KPMG said the next 12 to 24 months will be a critical period for many platforms that haven't been able to achieve scale, and consolidation ...

Spaceship co-founder to exit

KANIKA SOOD  |  TUESDAY, 6 AUG 2019
... co-founder and shareholder of Spaceship I am extremely pleased that Andrew Moore will be leading the business through its next phase of growth. I have worked with Andrew for more than 18 months, and there is no doubt he has the passion, skills and focus ...

Super fund turns to food sustainability

KRISTI CHENG  |  MONDAY, 5 AUG 2019
... utilisation, and wastage in agriculture, given the trends in global food demand that would see a 10% growth each decade over the next 30 years. Much of the focus on food investments to date has been based on the growth of the Asian middle class and the ...

VGI Partners readies $1bn Asian fund

KANIKA SOOD  |  MONDAY, 5 AUG 2019
... fund for the Asian strategy. If the LIC raises $500 million, VGI will commit to not raising any additional capital for the next three years. It intends to take a $20 million cornerstone shareholding itself, and will cover the costs of the offer. VGI ...

Former adviser cops 20-year prison sentence

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2019
A former financial adviser in the US will spend the next 20 years behind bars after defrauding retiree investors of $30 million, some of which was used to fund religious ceremonies to ward off federal investigators. Dawn Bennett of Maryland was this ...

Mercer slams Grattan Institute

HARRISON WORLEY  |  FRIDAY, 2 AUG 2019
... policymakers with a better understanding of the implications of different policies," Knox said. "We should recognise that the next generation will face the effects of the changing workforce, reduced home ownership, and financial implications associated ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... 1.5 full-time staff working on remediation from report 515, though ASIC noted the program was due for completion within the next three months. ASIC said the 1.5 full-time equivalent staff resource figure was provided by Commonwealth Securities, with ...

Alan Dixon on extended leave from URF

KANIKA SOOD  |  THURSDAY, 1 AUG 2019
... Energy Solar Limited." McAvey said: "Brian and I are excited to be leading the business and are committed to implementing the next phase of the strategy. As I outlined in the recent investor webinar, URF's immediate focus is on the strategic asset sales ...

Consultancy launches virtual business coaching

HARRISON WORLEY  |  TUESDAY, 30 JUL 2019
... project for "some time" and had priced the portal to ensure all advice businesses could afford to take part. "It's the next best thing to engaging a business coach directly, or joining a group coaching program," she said.

IFM Investors reports $114m in FY19 profits

KANIKA SOOD  |  MONDAY, 29 JUL 2019
... down slightly from 89% last year. The business' valuation crossed $1 billion, up from $869.5 million last year. Focus for next year Himbury said IFM will invest more in its portfolio management, client management and operational capabilities in the year ...