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Showing 411 - 420 of 2368 results for "Merger"

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... the operations the bank wanted to get rid of. Since its formation, nine business units have been divested, including the merger of BT's personal and corporate superannuation funds and the sale of Advance Asset Management to Mercer. Platforms, Westpac ...

Industry fund market share soars: KPMG

ANDREW MCKEAN  |  THURSDAY, 4 MAY 2023
... growth was mainly driven by mergers, including the reclassification of QSuper from public sector to industry following its merger into Australian Retirement Trust, creating the second largest superannuation fund at $231 billion. The KPMG report also ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
... London. Meanwhile, Piggott was promoted from senior risk manager, a role she also had at QSuper for 11 years before the merger of the two super funds. Last month, ART's divisional risk manager of investments Kate Griffin left the risk team to join ...

Aware retires VicSuper brand, expands investment menu

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... Super will finally retire the VicSuper brand next month, just shy of its 30 th birthday. The brand was retained in the merger with First State Super in 2020 and members were kept in a separate division. Effective May 11, Aware will combine its memberships. ...

Lincoln International, Miles Advisory enter strategic partnership

CHLOE WALKER  |  THURSDAY, 27 APR 2023
The collaborative agreement between the Chicago-based investment bank and Sydney's Miles Advisory Partners aims to deliver an enhanced experience to their respective clients. The two said the agreement creates incremental industry expertise, geographic ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... Heads of Agreement to form a combined fund that will manage $20 billion. Mine Super and TWUSUPER have progressed in their merger process, which began in December 2022 with the signing of a non-binding Memorandum of Understanding (MoU). The merger between ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
Fund manager GAM has confirmed it is talks with UK asset manager Liontrust Asset Management over a potential sale. In a short announcement to shareholders, GAM added that it is also in similar discussions with others. It said it is "working tirelessly ...

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
Brighter Super has provided an update about its pending merger with Suncorp's superannuation business, which will officially occur on June 1. Suncorp Super or the SPSL Master Trust members will be transferred to Brighter Super and see their account ...

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
Superannuation funds that fail the performance test downplay their results and obfuscate members from understanding critical information, according to the corporate regulator. ASIC has criticised super funds that failed the performance test two years ...

Mercer names strategic relationships lead

CASSANDRA BALDINI  |  WEDNESDAY, 12 APR 2023
... Allmey, based in Sydney, reports to Mercer Pacific head of wealth management Luke Fitzgerald. The appointment follows the merger of BT Super into the Mercer Super Trust and the acquisition of Advance Asset Management. Previously, Allmey spent over six ...