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| | | Bell Financial Group and Macquarie Bank have reached an agreement which will see approximately 75,000 accounts transfer from Macquarie Online Trading to the Bell Direct and Desktop Broker brands. The transition of accounts from Macquarie is expected ... |
| | | | HUB24 plans to shut down its Xplore Wealth Managed Discretionary Account (MDA) services next year, with discussions underway with financial advisers to explore alternative options. The Xplore Wealth MDA has around $2 billion in funds under administration ... |
| | | | Iress has entered into a binding agreement to sell its superannuation business to global financial services provider Apex Group. Iress said the decision to divest the superannuation business follows a strategic review as part of the company's transformation ... |
| | | | APG, the Netherlands' largest pension asset manager, will exclusively manage investments for ABP, the country's largest pension fund, starting around 2030. ABP, which owns 92% of APG, said the move aligns with its goal of achieving maximum investment ... |
| | | | Max Gill has been promoted to senior portfolio analyst with QIC's state investments team. Gill joined the Queensland Government's $68 billion investment arm six years ago working initially with the global multi-asset team followed by the state ... |
| | | | Partners Group co-head of private debt for Asia has been promoted to senior investment leader of the firm's private market royalties business. Sydney-based Krish Vaswani has been with the global private market asset management firm since 2016 and ... |
| | | | Macquarie Asset Management (MAM) has pledged US$5 billion to NASDAQ-listed Applied Digital Corporation, which provides high-performance computing (HPC) data-centre solutions. MAM will initially commit up to US$900 million to operate the Ellendale HPC ... |
| | | | IFM Investors and HESTA, by way of its mandate with the former, will take a 49% stake in Splend Group, a provider of subscription electric vehicles. IFM Investors has made the investment via its Growth Partners Fund 2, with HESTA and others also investing ... |
| | | | MUFG Pension & Market Services (MPMS) has awarded Tata Consultancy Services (TCS) a mandate to help transform its retirement solutions business. The Memorandum of Understanding (MOU), in the new partnership, outlines joint initiatives in product development ... |
| | | | Blackstone, KKR, and Carlyle are among the private equity firms that will collectively pay the Securities and Exchange Commission (SEC) US$63.1 million for failing to keep appropriate communications records. They join a growing list of financial institutions ... |
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