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Showing 3641 - 3650 of 19578 results for "Ban"

Magellan, Barclays back new firm

KANIKA SOOD  |  MONDAY, 21 SEP 2020
Magellan Financial Group and Barclays have signed on as foundation investors in a new financial services firm which is launching with former Challenger chief Brian Benari as its chief executive. Barrenjoey Capital Partners is slated for a mid-2021 launch ...

Macquarie director departs

ALLY SELBY  |  MONDAY, 21 SEP 2020
A Macquarie director has announced he will retire after more than a decade of service at the group, as he sets his eyes on other board positions that draw on his substantial experience in the industry. Michael Hawker will step down from the boards of ...

Chief economist update: Yoshihide and the yen

BENJAMIN ONG  |  MONDAY, 21 SEP 2020
So far fresh Prime Minister of Japan Yoshihide Suga is off to a good start. The Prime Minister takes over from Shinzo Abe at a time when the global economy appears to have seen the worst of the coronavirus pandemic. Many governments have eased/lifted ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee ...

Aware Super, Lendlease execute $200m recapitalisation

ALLY SELBY  |  FRIDAY, 18 SEP 2020
Aware Super and Lendlease have closed nearly $200 million in recapitalisation loans on assets in Boston and Chicago, working with Japan's Sumitomo Mitsui Banking Corporation and Singapore's OCBC Bank to close the deals. Lendlease and Aware Super - formerly ...

Zurich distribution chief joins boutique

JAMIE WILLIAMSON  |  FRIDAY, 18 SEP 2020
Zurich's chief distribution officer, life and investments is set to depart, taking on a new role with a boutique fund manager from December. The executive overseeing its group insurance proposition is also set to depart as the insurer restructures ...

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
Despite all the challenges of 2020, ME Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was ...

Real opportunity for super funds in private assets: Schroders

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
While COVID-19 may have changed the shape of Australian investing, Schroders alternatives director Claire Smith believes there is plenty of opportunity in the private asset market. Smith, speaking at the Australian Institute of Superannuation Trustees ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
The US Federal Reserve's new monetary policy framework - lower interest rates for longer or average inflation targeting - (virtually) announced at the August 27 Jackson Hole Symposium is now live. The Fed kept policy settings unchanged at its 15-16 ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of ...