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Showing 351 - 360 of 2815 results for "Division"

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... capital by approximately $459 million, providing more legroom ahead of the demerger of its AMP Capital Private Markets division. AMP chief executive Alexis George said: "This divestment brings to a close our long and proud involvement in life insurance ...

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN  |  TUESDAY, 15 AUG 2023
... future clients." Meanwhile, last week, Equity Trustees also combined its superannuation and corporate trustee services division, creating a $150 million business. The combined business will be led by Andrew Godfrey as executive general manager, corporate ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
Equity Trustees is merging its superannuation and corporate trustee services divisions, creating a $150 billion business. The group said the two divisions share many similarities, meaning "it makes good commercial sense to bring them together." All ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... SuperConcepts. Regarding its business units, AMP Bank reported a NPAT increase of 23.9%, reaching $57 million. The platforms division noted 25.7% growth from 1H22 with an NPAT of $44 million. A significant contributor to this growth was the North platform ...

Aware Super hires business development lead

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... BT Financial Group as its head of corporate super and spent over two years at MLC as its head of product in the super division. Aware Super's group executive, member growth Steve Travis said the appointment will accelerate the fund's strategies in the ...

Lonsec appoints new investments leadership

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
Nathan Lim will become Lonsec's new chief investment officer and executive director of its investment solutions division, while Deanne Baker will serve as deputy chief investment officer. Previously, Lim served at Morgan Stanley Private Wealth Management ...

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... proven dispute resolution and mediation skills and will take ownership of that role within Sequoia's Licensee Services Division," the group said. Finally, Mark Hutchinson has been appointed senior compliance manager, effective August 21. He also ...

Link Group to cop $418m loss

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... impairment of -$368 million on Link Fund Solutions, a non-cash impairment of -$25.3 million on Banking and Credit Management division goodwill, and a fair value write-down of -$31 million on the value of the Smart Pension acquisition. It will also record ...

Bombora, Morrows partner on risk advice

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
... and Bombora have joined forces to create a dedicated risk insurance business. Morrows Risk Insurance will operate as a division of Morrows, licensed by Bombora, and leveraging the expertise of both firms to deliver tailored risk advice. The business ...

Raiz increases portfolio fees

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... financial year with $225.1 million in assets under management, a 21% increase year on year. Last December, Raiz became a division of AMG Super and switched trustees from Diversa to Equity Trustees after it was determined that a successor fund transfer ...