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ASIC signs fintech agreement with Indonesia

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
ASIC and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a co-operation agreement to promote innovation in financial services in the regulators' respective markets. The agreement, signed on Friday in Melbourne, establishes a framework for co-operation ...

AustralianSuper appoints former Macquarie executive

ALEX BURKE  |  MONDAY, 24 APR 2017
AustralianSuper appointed a new chair for its investment committee. Jim Craig, who has been on the committee since last year, also sits on the boards of Lifestyle Communities, IC Advisory, River Capital, Unified Healthcare Group, Australian United Investments ...

Nominations for adviser award opens

KARREN VERGARA  |  FRIDAY, 21 APR 2017
... stage of your career," Waller said. Last year, Ascent Wealth Management's Stephen Nielsen took out the award. Nominations close on 16 June, and finalists will be flown to Sydney for an interview and to present solutions on a particular industry challenge ...

4D hires infrastructure specialist

JAMIE WILLIAMSON  |  FRIDAY, 21 APR 2017
... Commenting on the appointment, 4D Infrastructure's global equity strategist Greg Goodsell said: "Following this appointment 4D is close to being fully resourced with active stock coverage of all four corners of the globe, including emerging markets." ...

Open data carries privacy risk: ABA

KARREN VERGARA  |  TUESDAY, 18 APR 2017
Open data used by banks and fintechs to innovate and cross-sell products must be underpinned by robust regulation that protects the consumers, otherwise they risk major privacy breaches, according to the Australian Bankers' Association. Educating customers ...

Wealth management firm expands

EMMA RAPAPORT  |  THURSDAY, 13 APR 2017
... and 850 staff, operating from offices in all states and territories. The Toowoomba office, established in 1988, manages close to $400 million in funds under management. While starting as a stockbroking firm, Morgans now cover all aspects of financial ...

Deutsche Bank appoints Australian chief executive

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2017
... and financing solutions is ideally suited to our platform," Steinmuller said. "I am confident he will further develop the close alignment in our corporate finance and global markets businesses. He also brings Asia Pacific experience and connectivity ...

Australian Unity property trust suspends units

ALEX BURKE  |  WEDNESDAY, 12 APR 2017
... a position to consider opening up for a period of time for existing investors to raise a specific amount, and then we'll close again," he added. "Generally, in Australia, we are in an unprecedented environment with lower rates for longer. Healthcare ...

Advisers to be judged by peers

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2017
... decisions; the types of matters to be referred to the panel; and the optimal composition of the panel. Submissions on the matter close on 23 May 2017 with the panel expected to be established in August 2017.

CFSGAM grows global fixed income team

KARREN VERGARA  |  TUESDAY, 11 APR 2017
Colonial First State Global Asset Management (CFSGAM) launched a new high-yield team in an effort to build its global fixed income footprint. Known as First State Investments outside of Australia and based in New York, the team of five will manage sub-investment ...