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Showing 4071 - 4080 of 5260 results for "SCA"

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ...

Heads roll at Nomura

BEN COLLINS  |  FRIDAY, 27 JUL 2012
The chief executive officer and chief operating officer of ailing Japanese investment bank Nomura will step down to take responsibility for an insider trading scandal. Kenichi Watanabe, Nomura's chief executive, and Takumi Shibata, its chief operating ...

Lucky in so many ways

BENJAMIN ONG  |  WEDNESDAY, 25 JUL 2012
We all know the drill. Once Europe's back in the headlines, markets suffer a case of the jitters. When they do, they begin hoping that a QE fix would soon be in the offing. Homer (the cartoon, not the Greek epic poet and author of the Iliad and the ...

NGS Super moves into Qld, WA

BEN COLLINS  |  TUESDAY, 24 JUL 2012
NGS Super will increase its presence in Queensland and Western Australia, with two new business development managers hired to help drive the expansion. The fund is positioning itself to grow so it can achieve the size and economy of scale necessary ...

Too many managers

ALEX DUNNIN  |  TUESDAY, 24 JUL 2012
Australia has an oversupply of fund managers and the fight to survive will cause many to review their pricing and business models. Brett Himbury, chief executive of IFM, said the funds industry is about to go through a correction as firms confront how ...

Kinks in Stronger Super armour

MELANIE TIMBRELL  |  MONDAY, 23 JUL 2012
Consolidation resulting from Stronger Super has the potential to lead to perverse outcomes, according to one Russell Investments executive. Speaking at the Russell Australian Investment Summit on Friday, Graham Harman, director of Capital Markets Research ...

Bad news? Where?

BENJAMIN ONG  |  FRIDAY, 20 JUL 2012
The times, they are a-changin' - or more accurately, market sentiment is. The glass is no longer half-empty, it's half-filled and if leaks again, the Fed will be there to top it up. So half-full that our very own S&P/AX 200 index surged by more than ...

State Street acquires GS hedge fund admin services

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
State Street Corporation has agreed to acquire Goldman Sachs' US hedge fund administration services in a cash transaction worth approximately US$550 million. The transaction is due to be finalised early in the fourth quarter of 2012 with State Street ...

Aust lags in financial job market

MELANIE TIMBRELL  |  TUESDAY, 17 JUL 2012
Australia is lagging the rest of Asia Pacific in financial services job opportunities. The latest quarterly data from eFinancial Careers showed that while Australia experienced a 37% decline in the number of opportunities in Q2, the average for the ...

BT hones tech for advice scale

MELANIE TIMBRELL  |  FRIDAY, 13 JUL 2012
BT Financial chief Brad Cooper's strategic focus on cross-selling wealth products to Westpac customers will be helped by a multi-pronged technology-based approach. Mark Spiers, BT's general manager of advice said technology will be a key battleground ...