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Showing 4281 - 4290 of 17956 results for "Bank"

Instos flex influence over investee companies

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... likely to result in direct influence, and smaller shareholdings are associated with indirect influence via the investment bank, Veld added. Forty-five percent of institutional investors believed they influence how a company is structured. In terms of ...

Pendal appoints machine learning expert

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
Pendal is welcoming a machine learning quantitative analyst to its bond, income and defensive strategies boutique. Itay Feldman has been recruited by Pendal - initially on a one year contract - with the goal of integrating machine learning into the ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

TCorp chair steps down

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
... absence since March this year after he was appointed to the role of interim group chief executive for National Australia Bank. He first joined the board of the investment and financial management partner of the New South Wales public sector in 2009 and ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
When the European Central Bank (ECB) concluded its Governing Council meeting on the June 6, not only had it announced to keep monetary policy settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.4% - but it ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
The prudential regulator is imposing tougher measures for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the ...

John Key under fire

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... review into ANZ New Zealand has seen former New Zealand Prime Minister John Key come under fire over governance issues at the bank. The Reserve Bank of New Zealand (RBNZ) is requesting assurance from ANZ that it is operating in a prudential manner in ...

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
... group is set to initiate a major redundancy program across BT Financial Group, which was brought in-house as part of the bank's new wealth strategy. As part of the new strategy, Viridian Advisory acquired many of Westpac and BT Financial Group's financial ...

Franklin Templeton names institutional business director

KARREN VERGARA  |  MONDAY, 24 JUN 2019
Franklin Templeton Australia has welcomed a senior director of institutional business. Matthew Jackson has commenced in the newly created role for the fund manager, which has more than $922.4 billion in assets under management globally. Sydney-based ...