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Showing 4001 - 4010 of 11511 results for "DIV"

Former CBA, MLC executive joins reinsurer

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
A former CommInsure and MLC executive has returned to Australia to lead local client solutions for a global reinsurer. Martyn Gilling has been appointed head of client solutions at Pacific Life Re Australia, in a role that will see him assume responsibility ...

CIMIC replaces chief after $1b write-off

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
CIMIC Group announced it will move its current chief executive into a different role within the business and replace him with an internal promotion. Juan Santamaria will commence as chief executive 5 February 2020, leaving his current role within the ...

Perth advice firm folds

KANIKA SOOD  |  TUESDAY, 4 FEB 2020
A Perth-based financial advice firm had to call in liquidators, with its directors blaming a 30% fall in its business revenue after the Royal Commission among other reasons. WA Wealth Managers (and WAWM Holdings Pty Ltd, as the main related firm) was ...

Property manager hires super fund head

ALLY SELBY  |  TUESDAY, 4 FEB 2020
Property investment manager Charter Hall has appointed a superannuation fund executive to lead the group's direct business. TelstraSuper head of real assets Miriam Patterson has scored the newly created role of fund manager at Charter Hall Direct, in ...

Bonds not out of the game

ELIZA BAVIN  |  TUESDAY, 4 FEB 2020
Bond managers appear to be taking a more active approach to investing in the current low-volatility environment, according to Bank of China's head of fixed income Mark Todd. Looking into the performance of the major bond funds form the last 12 months ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
A new fee introduced by Australia's largest superannuation fund has divided the industry, with many questioning its legitimacy. Earlier this month AustralianSuper notified members it would be introducing a new fee called 'Administration fee ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
Ernst & Young was this afternoon appointed as administrator for at least three Sargon-related companies, after the main holding company went into external administration last Wednesday. Sargon Superannuation Holdings, Sargon Services Pty Ltd and Sargon ...

Argo Investments' profit plunges

ALLY SELBY  |  MONDAY, 3 FEB 2020
Listed investment company Argo Investments' profit has taken a dive, falling 24.4% from the previous period. Yet Argo has maintained its half-year dividend at 16 cents per share fully franked. The company announced a half-year profit of $118.8 million ...

ANZ completes OnePath sale to IOOF

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
ANZ completed its sale of OnePath Pensions & Investments to IOOF for a renegotiated price of $850 million. The final sale price was $850 million, including the $25 million that ANZ received for the sale its aligned dealer groups in 2018. It was a renegotiated ...

Adamantem acquires ASX-listed company

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Adamantem Capital has announced the acquisition of 100% of shares in Legend Corporation by way of a Scheme of Arrangement. The proposed acquisition is Adamantem's second public-to-private transaction and will be the fund's sixth investment in its portfolio ...