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Showing 4121 - 4130 of 17956 results for "Bank"

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
The Ending Grandfathered Conflicted Remuneration Bill 2019 was passed in the House of Representatives yesterday but the industry believes the timeline for doing so will leave Australians worse off. Passing yesterday, the legislation will see the banning ...

AXA IM dips toes in Aussie student housing

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... million acquisition. Novotel, Ibis and Pullman sit close to each other at Olympic Park which is home to ANZ Stadium, Qudos Bank Arena and Spotless Stadium. The precinct hosted 5500 events in 2017-2018 and 10.5 million visitors.

Foresight launches new wholesale fund

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
Global infrastructure and private equity manager Foresight has launched a new investment fund - its first foray into Australia's wholesale market. Tapping into the desire for green income, the Foresight Renewable Energy Income Fund will make loans of ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... Deutschland and it calls for desperate measures. It can't do anything anymore about monetary policy, the European Central Bank controls interest rates (currently at zero, it ended QE in December 2018) nor the exchange rate, no more deutschmarks ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
A senior specialist on ASIC's superannuation team has taken a consultancy role within a law firm's financial services team. Ruth Stringer joined Herbert Smith Freehills on September 2. She has more than 30 years of experience, most recently at the Australian ...

Eaton Vance hires institutional distribution head

HARRISON WORLEY  |  MONDAY, 9 SEP 2019
Eaton Vance hired an institutional sales director for its Australian and New Zealand operations. Ty Thurgood has joined the global asset manager's Australasian arm as director of institutional business development for the local region, which will ...

Northern Trust embroiled in YouTube fundie saga

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... announced to the London Stock Exchange it had come to new terms with Northern Trust on an overdraft facility provided by the bank. The trust has a borrowing facility of up to £150 million and is permitted under its investment policy to borrow up to ...

Industry super fund headcounts to swell

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
Investment professionals based in Melbourne should have no trouble finding job opportunities with industry superannuation funds over the next 12 months, according to recruitment experts. According to Kaizen Recruitment, the current job climate remains ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... firm. To conceal the fraud, he provided investors and various financial institutions with false information and fabricated bank and brokerage statements. To obtain additional funds, he used the same false information and fabricated statements to defraud ...

Portfolio manager departs

KANIKA SOOD  |  FRIDAY, 6 SEP 2019
... unconstrained, with an absolute return objective. Since the Australian-domiciled fund's inception, it beat the Bloomberg AusBond Bank Bill by 1.45% p.a. with a 3.74% p.a. fund return. Boyd was responsible for day-to-day management of the strategy ...