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Showing 361 - 370 of 2368 results for "Merger"

Diverger aims to increase profits via scalability

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Diverger's net profit after tax dropped by 24% to $2.83 million in FY23 on the back of mergers and acquisitions - something it will continue to pursue. Reporting to the ASX, Diverger announced the completion of four acquisitions and projected collectively ...

Australian Retirement Trust completes Woolworths, Endeavour merger

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
Australian Retirement Trust (ART) has finalised its merger with Woolworths and Endeavour Group, adding over 25,000 new members. Following the successor fund transfer (SFT) with Woolworths and Endeavour, ART's funds under management increased by ...

Bravura hires global head of product

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
Bravura Solutions has named Greg Johnson as its new head, amid intentions to shift towards a product-centric business structure. In the role, Johnson will lead Bravura's global product team and work on simplifying and unifying its suite of products ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
As the former ClearView chief takes over as chair of the group, the new loan will fuel its commitment to accelerating growth through mergers and acquisitions. After seven years at the head of the table, Alan Fisher is stepping down as chair of Centrepoint ...

ISA, AIST announce merger to form new organisation

ANDREW MCKEAN  |  TUESDAY, 22 AUG 2023
... establish this unified entity. ISA chief executive Bernie Dean previously told Financial Standard about funds exploring merger opportunities, driven by seeking the best outcomes for members. Similarly, ISA is no exception to this prevailing trend. "A ...

APIR reports surge in new financial products

ANDREW MCKEAN  |  FRIDAY, 11 AUG 2023
... in FY23 were largely influenced by superannuation investment options. He attributed this trend to the industry's ongoing merger and acquisition activities. Of note, KPMG reported 13 mergers in the superannuation sector for FY22. Highlighting a trend ...

ISPT to use SS&C performance measurement tool

CHLOE WALKER  |  THURSDAY, 10 AUG 2023
... insights without having to increase headcount or resort to additional tools." The news comes as ISPT confirmed a potential merger with IFM Investors, as well as a shakeup to its leadership team in June.

APRA finalises framework for MySuper products

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... be assessed. It also explains potential scenarios where APRA will issue a determination to combine performances, like a merger or change of RSE licensee. Where it's dealing with within-product changes, APRA explained that this month it made Superannuation ...

Industry fund chief named Fund Executive of the Year

ANDREW MCKEAN  |  FRIDAY, 4 AUG 2023
... Australian Retirement Trust (ART) chief executive Bernard Reilly has received the accolade, recognised for his role in the merger of Sunsuper and QSuper, which led to the formation of ART. In acknowledgement of his contribution to ART and the superannuation ...

Capital Partners acquires Partnership Wealth Management

CHLOE WALKER  |  WEDNESDAY, 2 AUG 2023
... Practice of the Year by the Financial Planning Association of Australia, now Financial Advice Association Australia. The merger marks its first corporate transaction in 20 years.