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Showing 3741 - 3750 of 12584 results for "Company"

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
A Melbourne company has copped about $9 million in penalties after ASIC found it offered personal loans with the proviso customers implement financial advice from the firm. Financial Circle offered personal loans to consumers of up to $5000. However ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... brother of Robert Clancy, the fund's former head of institutional relations. Clancy's wife was a shareholder in the company. Clancy was found to have racked up $46,000 of personal expenses using his corporate card. Catholic Super has since terminated ...

Macquarie reshuffles asset management lineup

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... Swiss Re Life and Health Australia; chancellor of University of Wollongong; and a director at Woolworths, Sydney Dance Company and National Portrait Gallery of Australia. She worked as an economic strategist and later as a board director at Bankers Trust ...

Cbus whacks illegal phoenixing

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
The $48 billion industry super fund is backing the introduction of director identification numbers (DINs) to stop company directors from fraudulently escaping superannuation obligations to workers. The construction industry is the "highest represented" ...

Managed accounts provider replaces Praemium

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
... about $100 million of client money from its Praemium SMAs to a new professionally managed accounts (PMA) solution, the company said. Praemium said the amount in the SMA solution was about $65 million. The fee has dropped from 77bps to 55bps with the ...

Star managers address low returns

KANIKA SOOD  |  TUESDAY, 30 OCT 2018
Portfolio managers of L1 Capital's billion-dollar listed investment company have addressed its underperformance after it delivered -6.3% for the quarter. The long/short listed investment company listed in April after raising $1.3 billion in the ...

Blockchain can power internal systems: Digital Asset

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... usage cross platforms, the real potential can actually be in managing internal systems, said the chief executive of the company behind ASX's new blockchain system. Speaking at a SIBOS session on blockchain and distributed ledger technologies, Digital ...

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... losses of US$400 million owed to 37,000 investors. In 2015, Chinese media reported the largest P2P collapse to date: a company called Ezubao collapsed with 900,000 investors defrauded of a staggering US$7.6 billion in funds. In total, Chinese investors ...

Diversity is the answer to war for talent

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... largest wealth managers stirred a global debate on gender diversity during its viral #FearlessGirl campaign. At the time the company called out 1,228 companies for lacking gender diversity on their board. Last month is said that around 300 companies ...

Assistant Treasurer refutes breach allegations

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... the Corporations Act by failing to inform the corporate regulator of his resignation as a director of alternative health company Cryo Australia within 28 days as required by the Corporations Act. During Senate Estimates, Ketter asked ASIC senior executive ...