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Showing 401 - 410 of 2965 results for "Control"

Plenary Group sells 49% stake to ADQ

KARREN VERGARA  |  MONDAY, 29 APR 2024
Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company. ADQ will inject funds into the $32 billion public infrastructure investor, developer, and manager as the latter ...

Adviser fakes exam certificate, cops ASIC ban

KARREN VERGARA  |  FRIDAY, 26 APR 2024
ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications. Adele Baaini, while working as a representative for licensee AAN Wealth Management, has been ...

Sequoia chief's job at stake in upcoming EGM

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
... the shareholders who proposed them will attempt to influence the board to remove him from his position without paying a control premium. He pointed out that these shareholders and their associates hold only about 10% of Sequoia's shares yet have nominated ...

How to win in today's wealth management industry: EY

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
To outperform in the wealth management industry, leaders must conquer several "underlying challenges" by 2030, according to an Ernst & Young (EY) report. "Overcoming these challenges is vital if wealth managers are to create value for clients, stakeholders ...

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for failing to have effective controls to prevent and detect unauthorised fee transactions conducted by third parties, such as financial advisers, on customer cash management ...

Russell Investments introduces new ESG-focused ETF

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... James Harwood will lead the management of RGOS's investment portfolio. Harwood said RGOS provides institutional-grade risk control, active selection and outperformance potential which can be considered as part of a core international shares allocation ...

Global Alternative Funds names managing director

ELIZABETH FRY  |  MONDAY, 15 APR 2024
... Private equity makes up about a third of GAF's investments, with private credit, special situations and distress for control accounting for about 40%. As for competing in a crowded market, Nankivell said the genesis of many families' capital ...

ASIC consults on misconduct reporting rules

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
ASIC has released a consultation paper seeking feedback on updated regulatory guidelines for external administrators and controllers when reporting and lodging statutory reports about alleged misconduct. The proposed updates to Regulatory Guide 16 External ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... legal settlement reached between Mayfair 101, Mawhinney and the liquidators of IPO Wealth which saw Mayfair 101 regain control of assets and the liquidators abandon their claim were recently made public.

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... settlement to abandon all claims against Mawhinney and his companies. Under the agreement, Mayfair 101 was handed back control of more than 80% of the assets the liquidators sought to control. "Under the settlement Mayfair 101 retains full control of ...