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Showing 4161 - 4170 of 17956 results for "Bank"

Sean Fenton back with Sage Capital

KANIKA SOOD  |  WEDNESDAY, 21 AUG 2019
The well-known fund manager is back with two Aussie equities strategies totaling $3 billion in capacity at his new boutique, after resigning from the Tribeca Alpha Plus fund earlier in the year. Sage Capital, led by former Tribeca portfolio manager ...

IOOF establishes super trustee office

HARRISON WORLEY  |  WEDNESDAY, 21 AUG 2019
... future, serving the interests of our members and clients," Mota said. In an attempt to renew its board, the firm appointed Bank Australia director Michelle Somerville as an independent non-executive director from October 1. An audit partner at KPMG Australia ...

Chief economist update: The hazard of being a safe haven

BENJAMIN ONG  |  WEDNESDAY, 21 AUG 2019
... lists - the "Land of the Rising Sun" had been absent from the headlines. The last headline news out of Japan was when the Bank of Japan (BOJ) conducted its monetary policy meeting on July 30, deciding to keep the status quo - interest rate at -0.1% and ...

Peak bodies respond to government roadmap

KRISTI CHENG  |  TUESDAY, 20 AUG 2019
... This includes the recommendation to ban the hawking of super products, such as the upselling of super along with the sale of bank products, she said. Industry Super Australia stressed that legislative reform should always be in the best interest of members ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... government unveil counter-cyclical measures. In addition to lowering its yuan fixing versus the US dollar, the People's Bank of China (PBOC) now announced it will be "reforming and improving the formation mechanism of LPR [loan prime rate] - effectively ...

EY bolsters financial services law team

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
Global management consultancy Ernst and Young boosted its local financial services legal team with the appointment of an alternative investments specialist. Former Norton Rose Fullbright partner Nikki Bentley joined EY Australia this month as a partner ...

Boutique distribution lead departs

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
... clients." In addition to Fortius and Uniting Financial Services, Pun has also held roles with Morgan Stanley and Deutsche Bank. She is also a former Colonial First State tender manager, working within its corporate superannuation division.

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
A number of financial advisers who flocked to wealth management institutions for Netwealth as a result of the banking Royal Commission have helped boost the platform's funds under administration by 30% to $23.3 billion. Financial results for the ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
In ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ...

Chief economist update: US recession a sure thing

BENJAMIN ONG  |  MONDAY, 19 AUG 2019
... yield on 10-year US Treasuries and that of the three-month bill - considered by studies conducted by both the Federal Reserve Bank of Cleveland and New York, to be the best predictor of a looming US recession - remains negative. It had been consistently ...