Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 391 - 400 of 17094 results for "Billion"

NGS Super appoints asset allocation lead

ELIZABETH FRY  |  THURSDAY, 8 JAN 2026
The $16.7 billion NGS Super has promoted Mohamed Noureldin to the newly created role of head of asset allocation. Noureldin was previously senior manager for currency, commodity and tactical asset allocation, a role he held after joining the fund more ...

Super moves: WATC, Medibank, HESTA, Future Fund

ELIZABETH FRY  |  THURSDAY, 8 JAN 2026
... a role as a senior associate with Universities Superannuation Scheme's private markets team in the UK. The £76.8 billion pension scheme for higher education employees is one of the largest in the country. During his three and a half years at First ...

Wilkin-Smith, Hales join trustee board for AMP Super

ELIZABETH FRY  |  THURSDAY, 8 JAN 2026
... across Australia and New Zealand. A former global head at Fidante Partners, Hales helped grow the business from around $15 billion to $60 billion during her seven-year tenure. Before that, she spent five years in New York leading global product development ...

Russell Investments secures $1.8bn funding from Apollo

RIDDHIMA TALWANI  |  THURSDAY, 8 JAN 2026
Russell Investments has received $1.78 billion (US$1.2bn) in financing from Apollo, providing it with long-term capital to support its growth strategy. The transaction refinances Russell Investments' existing term loan, fully repays the firm's prior ...

Saudi Arabia opens access for foreign investors

MATTHEW WAI  |  THURSDAY, 8 JAN 2026
... Saudi Arabian market. By the end of the third quarter of 2025, foreign ownership in the capital market exceeded SAR$590 billion ($234bn), the CMA noted, a sharp increase from the SAR$498 billion ($198bn) at the end of 2024. These approved amendments ...

Apex to acquire Mercer's super admin business

ELIZA BAVIN  |  THURSDAY, 8 JAN 2026
... year prior, Apex Super partnered with Novigi for super data and technology services. Also in 2024, Apex received $1.6 billion from Carlyle Group and Goldman Sachs to execute its growth strategy. Apex Group currently has 400 employees in Australia providing ...

M&A activity falls to two-year lows: LSEG

MATTHEW WAI  |  WEDNESDAY, 7 JAN 2026
... Full Year 2025 report highlighted that despite a 10.1% drop in deal volumes, domestic M&A values rose 20.7% to US$38.6 billion ($57.2bn). However, both inbound and outbound M&A activities have declined in the period, with values dropping by 17.8% to ...

HESTA records over $10bn in investment returns

ANGELIQUE MINAS  |  WEDNESDAY, 7 JAN 2026
HESTA members saw over $10 billion added to their retirement savings in 2025, driven by strong investment performance. The default MySuper Balanced Growth option returned 9.42% for the 2025 calendar year, recording above the industry average of 9.1% ...

ATO to restrict travel over unpaid super obligations

ELIZA BAVIN  |  WEDNESDAY, 7 JAN 2026
... the interests of the rest of the community." The ATO said it is focused on reducing unpaid tax and bringing down the $50 billion collectable debt book through its approach to debt management. This includes taking necessary actions on taxpayers who refuse ...

Lazard sets up new chief investment role

RIDDHIMA TALWANI  |  WEDNESDAY, 7 JAN 2026
... Lazard Asset Management has created a new role of a chief investment officer and appointed Eric Van Nostrand. The US$265 billion asset manager said the newly established role will strengthen the cohesion, discipline and effectiveness of its global investment ...