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Showing 401 - 410 of 2816 results for "Division"

GBST revamps wealth platform, unveils corporate rebrand

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
... 2021, FNZ Group completed the sale of GBST to Anchorage Capital Partners, which focused on GBST's wealth management division and technology platform. Meanwhile, FNZ reacquired GBST's capital markets division. DeDominicis said the ownership situation ...

Lazard Asset Management creates family office division

CHLOE WALKER  |  FRIDAY, 3 MAR 2023
Lazard Asset Management (LAM) has acquired US-based firm Truvvo Partners (Truvvo) to form Lazard Family Office Partners. The two firms bring together approximately $11.7 billion in assets, including LAM's existing US private client business. Together ...

Openmarkets secures chief financial officer

CASSANDRA BALDINI  |  TUESDAY, 28 FEB 2023
... finance function in a US listed environment. Prior to that, she worked in PwC Australia's chief financial officer advisory division. Openmarkets chief executive Dan Jowett said Majithia's experience in US listed markets and international financial management ...

Bridges can meet advice affordability gap: Mota

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... expects it will hit the breakeven target at the end of 2024. "If the self-employed channels breakeven, we expect the advice division as a whole to be tracking at [about] the $10 million profit," he said. Rainmaker analysis shows that Insignia led the ...

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
Perpetual has reported a slump in its net profit after tax (NPAT), which now sits at $26.8 million for the six months through to December 31, down from $59.3 million the prior year. It explained FY23 NPAT includes significant items relating to the transaction ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... platforms business declined 16.4% on the back of a $47.5 million drop in net revenues, while that of the asset management division decreased $3.4 million to $34.8 million with its net revenues declining by $9 million due to a lower average FUM. The financial ...

SEC fines Mormon Church investment arm

KARREN VERGARA  |  WEDNESDAY, 22 FEB 2023
... agricultural properties. All of which "are invested solely to support the Church's mission", the church said. The SEC's division of enforcement director Gurbir S. Grewal commented: "We allege that the LDS Church's investment manager, with ...

Pengana establishes capital markets arm, hires

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
Pengana Capital Group has launched a new, dedicated capital markets division and appointed Philip Schofield to head it up. Schofield will be the managing director of the new Pengana Capital Markets division which aims to connect sophisticated investors ...

AMP profits, declares first dividend since 2019

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2023
... also due to advice and superannuation net cash outflows of $5.3 billion, including $2 billion in pension payments. The division, which comprises platforms, master trust and advice, reported NPAT of $50 million - down $39 million year on year. AMP said ...

Zurich wins group insurance mandate

KARREN VERGARA  |  TUESDAY, 14 FEB 2023
... Zurich replaces incumbent group insurer TAL. Zurich already provides group insurance to Brighter Super's energy industry division. Brighter Super chief executive Kate Farrar said the decision to change insurance providers was "ultimately guided by which ...