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| | | Total assets under custody in Australia dropped by more than 8% in the six months to June end, with some custodians seeing declines of more than 10%. The latest data from the Australian Custodial Services Association shows total assets under custody ... |
| | | | ... career he was with Macquarie Bank in Australia and Hong Kong, managing its broking business units. He has also held roles with Citi and EY. A statement said Welch is an experienced senior executive with an extensive background. FIIG chair Philip Anthon ... |
| | | | As it looks to increase its exposure to US markets, AustralianSuper has made a raft of appointments to its New York based investment team and relocated its head of private equity. The $260 billion fund recently relocated its head of private equity Terry ... |
| | | | Fiducian has recorded an underlying profit increase of 11% and seen record net inflows of $309 million, as it sets its sights on New Zealand, Japan, South Korea and Thailand. Reporting to the ASX, Fiducian said its underlying net profit for the year ... |
| | | | The fund services provider has welcomed two financial services industry veterans to its board ahead of its application to obtain CCIV authority. MSC Trustees has added Ruth McClelland and Steven O'Connell as non-executive directors, effective last week. ... |
| | | | Having won an extensive tender process, a Sydney-based fund manager will oversee a $1 billion global equities allocation for the industry fund. Antipodes Partners' Global Long Strategy has been selected by HESTA for the mandate, citing the investment ... |
| | | | ... compared with the 1H22 quarterly average, and lending and deposit momentum continued (up 2% and 4% respectively, excluding the Citi acquisition). "Our business is in good shape for this evolving environment. Balance sheet settings remain strong, and ... |
| | | | ... Australia's economy and alluded to the fact that it had inherited rising inflation, rising rates, and falling real wages. Citi Index market analyst Tony Sycamore called the latest RBA decision a dovish surprise relative to expectations. However, while ... |
| | | | ... and platforms. He was with Challenger for two decades, having joined in 2000 after three years in business development at Citi. He also has experience as a financial adviser, having spent seven years as an authorised representative of Associated Planners ... |
| | | | The US Federal Reserve raised its policy interest rate by 0.75 basis points to 2.5% and indicated further increases will likely be appropriate. Explaining the decision, Federal Reserve chair Jerome Powell said: "From the standpoint of our congressional ... |
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