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Showing 361 - 370 of 3746 results for "Acquisition"

New PGIM chief executive named

MATTHEW WAI  |  MONDAY, 11 NOV 2024
Prudential Financial has appointed a former Morgan Stanley Investment Management (MSIM) executive to lead its US$1.4 trillion global asset management business, PGIM. Effective 1 May 2025, Jacques Chappuis will lead PGIM as president and chief executive. ...

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... 83 cents per share, partially franked at 70%. ANZ said the result reflected several one-off events related to the acquisition of Suncorp Bank. In October, ANZ announced its profit was impacted by a new after-tax charge of $196 million in respect of one-off ...

Perpetual reveals new leadership structure

JAMIE WILLIAMSON  |  FRIDAY, 8 NOV 2024
... and to be a standalone, global, multi-boutique asset management business following the successful completion of the acquisition of wealth management and corporate trust by KKR," Perpetual chief executive Bernard Reilly said. Currently chief operating ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... customer service footprint, greater digital capability and increased scale, providing long-term sustainability." The acquisition is subject to regulatory approval and is expected to take approximately 12 months to complete. Customers, employees, and ...

amicaa head of distribution exits

ELIZABETH FRY  |  MONDAY, 28 OCT 2024
... through Fidante. Gordon also worked as a relationship manager for BT Funds Management following Westpac's full acquisition of BT Financial Group in late 2002. Earlier, he worked at Colonial First State, covering corporate superannuation. amicca was ...

HMC Capital makes $2bn acquisition

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... acquire Global Switch Australia for $1.937 billion as a seed asset for the Global DigiCo Platform. To underwrite the acquisition, HMC is undertaking an equity raising of $300 million. HMC said this is consistent with its strategy to maintain a strong ...

Dinimus appoints new head of distribution

ANDREW MCKEAN  |  TUESDAY, 22 OCT 2024
... solutions to a broader audience." Credlin's hire follows GP staking private equity firm Scarcity Partners' acquisition of a 35% stake in Dinimus last month. Scarcity Partners said the investment will support Dinimus' growth through improved ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN  |  TUESDAY, 22 OCT 2024
... strong level of gross inflows was assisted by a return to conventional lower seasonal outflows post tax year end. The acquisition of OneVue saw $4.1 billion added to FUA and grew to $4.2 billion as at September 30. "We are on-track with synergies realisation ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... increase our penetration with both existing and new financial advice firms." GDG also confirmed it has completed the acquisition of the remaining interest in Lonsec on August 1, following its takeover earlier this year.

Charter Hall, Hostplus takeover offer for HPI rejected

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
Charter Hall and Hostplus have missed out on the acquisition of Hotel Property Investments (HPI) after the group rejected the "best and final" offer. Charter Hall and Hostplus increased their offer price to $3.85 per security in cash, up from the previous ...