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Financial services enters next cloud computing evolution

DARREN SNYDER  |  FRIDAY, 19 MAY 2017
Cloud computing will now form the centre of several operations at a global firm dedicated to post-trade market infrastructure for asset managers, custodians and brokers. The Depository Trust and Clearing Corporation (DTCC) holds a view that cloud computing ...

Trustee Partners crosses the ditch

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2017
... and staff in place was also a deciding factor for me, and their capacity for future investment will take the group to the next level," Barnes said. Complectus chief executive Grant Kemble said the firm is looking forward to expanding a program of technology ...

Senior executives sworn to secrecy over bank levy

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... public or the media?" Bligh said the bad tax has now become a secret tax - one that will raise more than $6 billion over the next four years and profoundly impact the banking sector, customers and shareholders. "A totally unacceptable public policy process ...

Latin America on institutional investment radar

DARREN SNYDER  |  WEDNESDAY, 17 MAY 2017
... opportunities especially lie in the Pacific Alliance - the countries of Mexico, Chile, Columbia and Peru. Asenjo expects that for the next three years, companies in this region will have a compound annual growth rate (CAGR) for earnings of about 17%. ...

CBA backs financial counselling

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
... abuse. The bank has also committed a further $500,000 to the Jan Petland Foundation to annually fund 10 scholarships over the next decade to encourage more people to study financial counselling. CBA group executive of retail banking services Matt Comyn ...

MYOB co-founder sells $62m Xero stake for charity

ALEX BURKE  |  TUESDAY, 16 MAY 2017
... about $62 million. Winkler indicated he intends to liquidate Givia's portfolio holdings, including Xero shares, over the next 10 years to fund charitable activity; this will be done in such a way as to minimise market impact. Winkler's trust, run alongside ...

Top trends reshaping Aussie superannuation

EMMA RAPAPORT  |  TUESDAY, 16 MAY 2017
... financial and retirement planning," the report said. "With the robo-advice market predicted to grow significantly over the next few years, funds not investing in this area ignore it at their peril." The top 10 major trends: 'Whole of life' superannuation ...

Advice network buys into accounting industry

ALEX BURKE  |  MONDAY, 15 MAY 2017
... assets under management is now taking on the accounting sector with the acquisition of a full-service accountancy firm. AZ Next Generation Advisory recently acquired Peters and Partners, a firm established in 2014 that provides business and taxation ...

Global infrastructure need deepens profit opportunity

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2017
... investors, with global estimates showing between US$60-70 trillion will need to be spent on the world's infrastructure in the next 15 years. "It is worth noting that since listed infrastructure has been recognised as its own asset class it has offered ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
... consumer inflation expectations index is any guide, further easing in inflation is in store, Inflation expectations over the next five years fell to 2.3% in May - on par with the record low reached in December last year. This is in line with inflation ...