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Showing 311 - 320 of 2815 results for "Division"

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... circumstances where at all material times both BTFM and WLIS were members of the BT Financial Group (BTFG), a business division within Westpac, and were subsidiaries of Westpac, court documents show. Slater & Gordon alleged there was "an obvious conflict ...

Fidelity retirement specialist exits

ELIZABETH FRY  |  FRIDAY, 8 DEC 2023
... about the end of their career. Dinham's previous role was head of research in Macquarie Bank's wealth management division. Before that, he was the chief investment officer at State Plus and a senior consultant at Russell Investment Group. Earlier ...

Perpetual rebuffs Soul Pattinson takeover offer

ANDREW MCKEAN  |  THURSDAY, 7 DEC 2023
Perpetual has rejected a $3 billion acquisition bid from Washington H. Soul Pattinson, saying that it "materially undervalues" the company's Corporate Trust and Wealth Management divisions. Soul Pattinson, currently Perpetual's largest shareholder ...

Vanguard sells outsourced CIO arm to Mercer

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2023
... investment management services to not-for-profits and other institutional investors in the US, grows Mercer's existing OCIO division which dominates the sector. As at December 2022, Mercer's OCIO business had $526 billion in assets. Meanwhile, Vanguard's ...

Link names retirement, super product lead

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2023
... innovation throughout the development cycle and ensuring products are benchmarked to exceed market equivalents." The division currently encompasses about 90 products, services and digital offerings. "Jonathan will leverage his prior management experience ...

OnePath cops $5m fine over fees for no service

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... that they were obligated to pay a fee for advice from a plan adviser, even after the member had been transferred to a division of Integra Super where they were not eligible to receive advice services. OnePath also misled members by indicating that they ...

Super funds increasing offshore investment, currency hedging lessens: NAB

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... market without amplifying concentration risk," Bennet said. He told Financial Standard that there's a noticeable division, with larger firms leading the charge, which is intuitively logical considering the scale they're managing. "They're ...

AustralianSuper slams Brookfield's Origin Energy bid

ANDREW MCKEAN  |  FRIDAY, 24 NOV 2023
... Brookfield has outlined an alternative transaction. The plan involves Brookfield purchasing Origin's Energy Markets division, including its Octopus Energy stake for $12.3 billion. Following this, EIG will propose an off-market takeover bid for Origin. ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... resulted in a business model rife with conflicts of interest that placed investors' funds at risk," the SEC's division of enforcement director Gurbir Grewal said. "Kraken's choice of unlawful profits over investor protection is one we see ...

Lombard Odier breaks into Australia, issues private credit mandate

ANDREW MCKEAN  |  THURSDAY, 16 NOV 2023
Lombard Odier Investment Managers (LOIM), the asset management division of the Swiss private bank, has awarded a mandate to Equity Trustees for its first offering in Australia. The LOIM Sustainable Private Credit (Australia) Unit Trust seeks to deliver ...