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Showing 371 - 380 of 597 results for "MCG"

BlackRock launches sovereign risk management fund

CLAIRE MCGREAL  |  MONDAY, 5 DEC 2011
BlackRock Investment Management has launched a new sovereign risk management fund for Australian institutions. BlackRock said its Global Screened Government Bond is supported by the firm's Sovereign Risk Index, and is a proprietary index ranking the ...

Big four banks downgraded

ELISE BURGESS, CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
Australia's big four banks have been downgraded by ratings agency Standard & Poor's. The decision to lower Westpac, Commonwealth, ANZ and NAB issuer credit ratings from AA to AA- is part of the agency's recent shakeup of ratings criteria, which was ...

AMP sells insurance arm to Suncorp

CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
AMP has sold its General Insurance Distribution business to Suncorp, in a move that sees Suncorp secure the business for the long-term. The groups had previously been aligned in insurance, with Suncorp providing general insurance products to AMP through ...

Betashares launches three new ETFs

CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
A new agriculture ETF has been launched on the Australian stock exchange today by specialist ETF provider BetaShares. Known as QAG, the new exchange traded fund will track the performance of the S&P GSCI Agriculture Enhanced Select Index, which is made ...

Qantas Super names new chief exec

CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
Former JP Morgan Chase executive, Jane Perry will take the reins as chief executive of Qantas Super next February. Perry had been with JP Morgan Chase since 2008, most recently in the role of chief executive officer, treasury and securities services ...

FOFA implementation time vital: ASFA

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
ASFA is calling for a 12 month "transition period" from the proposed FOFA start date next winter to give the industry time to properly implement the changes. In its submission to the Parliamentary Joint Committee (PJC), the Association of Superannuation ...

Melbourne director gets jail sentence

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
A former Melbourne company director has been sentenced to a total of three years and two months behind bars on charges which include insolvent trading and theft. Anula Kumari Kaye, 59, of Toorak, former director of International Consulting Group (ICG) ...

Count chief replaced by CBA exec

CLAIRE MCGREAL  |  THURSDAY, 1 DEC 2011
Count Financial chief Andrew Gale has stood down from the wealth management firm and been replaced by Commonwealth Bank senior executive David Lane. It's after the Australian Competition and Consumer Commission (ACCC) gave CBA's takeover of Count the ...

S&P downgrades US bank ratings

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
Standard & Poor's has downgraded the ratings of major US banks, including Goldman Sachs, Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley and Bank of America, by one notch. The ratings agency said it reviewed its ratings on 37 of the world's largest ...

Ventura reduces wholesale funds cost

CLAIRE MCGREAL  |  WEDNESDAY, 30 NOV 2011
Ventura Investment Management has reduced the price for its wholesale funds by up to 25%, following the reappointment of Russell Investments as the funds' investment manager. The move follows feedback from advisers who maintained clients had become ...