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Westpac to welcome new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
Westpac will farewell its current chief risk officer next year and has named the man to inherit the role. Alexandra Holcomb will retire in 2018 following 21 years at Westpac. For the past three years Holcomb served as chief risk officer and has also ...

Impact Investment Group names new CEO

KARREN VERGARA  |  MONDAY, 13 NOV 2017
... chair Danny Almagor said Madhavan has deep experience in the existing financial system plus a clear vision for what is coming next - a humane economy driven by social responsibility and environmental sustainability. Established in 2013, IIG has more ...

The next generation of bancassurance

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
One may think the continuing trend of banks offloading their insurance and wealth management businesses signals the end of the bancassurance model but there is life in it yet, according to IOOF's Renato Mota. In a recent blog post Mota said the traditional ...

J.P. Morgan wins SMA custody mandate

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
... Ohanessian said the platform is delighted to be working with J.P. Morgan. "Adding international securities is an important next step in the evolution of our leading proposition. Fortunately, Praemium already applies corporate actions and accurate tax ...

Aussie fintech usage surges

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... (54%) of fintechs are already considering expanding overseas or growing existing overseas operations as a priority for the next 12 months. Many are targeting the United Kingdom (49%), Singapore (40%), United States (38%), New Zealand (27%) and Hong Kong ...

Greater tech support needed for goals-based advice strategies

JAMIE WILLIAMSON  |  FRIDAY, 10 NOV 2017
... conversations they want to with clients. "A lot of the fintech seems to be focused on whose algorithm is better than the next guy's and how many thousand implementations are available in their stochastic model, and that's really not the problem that ...

Xero consolidates stock exchange listings

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2017
... Announcing the move via its half-year results, Xero said it would consolidate its listing on the ASX as part of the company's next phase of growth. While the company will remain headquartered in Wellington and domiciled in New Zealand, the decision is ...

Goldman Sachs names new raft of managing directors

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2017
... along with London-based Duncan Stewart. The appointments are effective as of the New Year, the beginning of Goldman Sachs' next fiscal year. Commenting on the raft of promotions, Goldman Sachs chairman and chief executive Lloyd C. Blankfein said: "Our ...

For Stanford Brown, life begins at 30

MICHELLE BALTAZAR  |  THURSDAY, 9 NOV 2017
... determination to more fully embrace them faster than we, as an industry, have done so in the past," Hoyle said. Finally, starting next year, the company intends to publicly report on the diversity of their employment, providing reports to their clients ...

Northern Trust grows APAC team with Sydney hire

DARREN SNYDER  |  WEDNESDAY, 8 NOV 2017
... technologies, and Danielle's deep market experience will ensure we continue to harness the opportunities to offer our clients the next generation operating model and products." Earlier this year Northern Trust appointed Sally Surgeon as the head of its ...