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Regtech scores deal with US bank

KANIKA SOOD  |  MONDAY, 7 MAY 2018
Sydney and Ireland based regtech Kyckr has signed a five-year data licensee agreement with a US bank, under which the bank will have access to 200 regulated primary sources of corporate intelligence across 120 territories. The un-named bank will be ...

Govt reforms can tackle super gender gap: ASFA

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... individual to achieve a comfortable retirement, ASFA said. ASFA chief executive Martin Fahy said it is important to take steps to close the gap, to ensure women are not condemned to experience poverty and even homelessness in retirement. Non-profit group ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
... "downward revision of dose sales forecasts to the market, triggering a 37% slump in its share price to $16 at the day's close." "We contend that Sirtex never had any reasonable basis for leading investors to believe that it would record double-digit ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
The US Federal Reserve's 1-2 May FOMC meeting was both expected and a non-event - it kept the fed funds rate target at 1.5%-1.75% and more or less cut and pasted the FOMC Statement at its 20-21 March meeting. Well, maybe less, for May's statement was ...

Venerable US manager eyes Australian expansion

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
A US-based global investment manager with about $226 billion in assets is opening its first Australian office. American Century Investments, established in 1958, has expanded into Sydney and appointed Michelle Kidd as vice president, institutional advisory ...

MDA provider makes key hires

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
A $12.8 billion listed MDA provider appointed a new head of operations and head of product to its leadership team. Managed Accounts Holdings (MGP) has brought Craig Semmens on as head of operations for the Linear side of the business. He will provide ...

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
It's getting closer and closer - the inflation measure that the US Federal Reserve tracks in assessing monetary policy direction is just a pip short of its 2% target. The core PCE price index increased by 1.9% in the year to March, a significant increase ...

FIIG Securities appoints Deutsche manager

KANIKA SOOD  |  MONDAY, 30 APR 2018
Fixed income dealer FIIG Securities has appointed a Deutsche manager to support its Australian growth. Joining FIIG Securities is Anne-Marie Hunter-Brown as its markets business manager. She joins from Deutsche Bank as a business manager for credit ...

Smaller super funds lead Roy Morgan rankings

HARRISON WORLEY  |  MONDAY, 30 APR 2018
An industry super fund with $8.1 billion in funds under management has topped the Roy Morgan Superannuation Satisfaction Report for the seventh month in a row. Tasplan, the industry superfund with 145,000 members, has again topped the Roy Morgan monthly ...

First Super to vote against AMP board

ALEX BURKE  |  FRIDAY, 27 APR 2018
Following a recommendation from the Australian Council of Superannuation Investors (ACSI), triggered by findings from the Royal Commission, First Super said it would vote against the re-election of AMP's board at the upcoming annual general meeting. ...