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Market wrap

AAP  |  FRIDAY, 15 APR 2005
The Australian share market is expected to head sharply south for the second straight session, as weakness in equity markets all over the world last night is likely to weigh on the domestic bourse. The local market surrendered more than one per cent ...

NAB to use Coad to oversee markets

National Australia Bank (NAB) has appointed Peter Coad as general manager of the markets divisions to replace Jeff Mitchell who has decided to take a yearlong career break from the bank. Coad has an extensive local and overseas international capital ...

Bravura to provide consulting service with new team

... advice to financial organisations across Australia and Asia. The team members joining Bravura are consulting practice manager Jeff Hall, senior business solutions consultant Caroline Morgan and principal consultant Jason Martin. "This is a great win ...

ASIC alerts super fund members about large exit fees

A recent review of the extent and nature of superannuation exit fees conducted by ASIC has found at least 550,000 Australians are members of superannuation funds that may charge substantial exit or termination fees when members attempt to move their ...

ASIC reorganizes management following Johnston departure

The Australian Securities and Investments Commission (ASIC) has announced Jennifer O'Donnell has been appointed as the regulator's new executive director of compliance following the departure of Ian Johnston. Johnston, who will join the Hong Kong Securities ...

ASIC loses Johnston to Hong Kong

The Australian Securities and Investments Commission has lost another senior executive with the resignation of industry stalwart Ian Johnston. Johnston, most recently ASIC executive director of financial services regulation, has been appointed to a ...

Investment management company director gaoled for seven years

The Sydney District Court has sentenced Robert Walker to seven years' gaol with a non-parole period of four and a half years after he pleaded guilty to 21 counts of deception under the Crimes Act 1900. ASIC brought the charges against Walker that related ...

Companies on track towards IAS compliance: ASIC

ASIC's latest review of financial report disclosures on the progress of listed companies towards the adoption of international accounting standards has revealed 99 per cent of companies have provided disclosure under AASB 1047 'Disclosing the Impacts ...

ASIC's annual report brings a message of confidence

ASIC chairman Jeffrey Lucy adopted a more optimistic theme in the tabling of the regulators annual report with a message of building confidence and consumer protection in financial markets. "Confidence has allowed our companies to raise capital competitively ...

ARF wins Super fund of the Year - again

... members and in almost very criteria we analysed it ranked well above the average fund," said SuperRatings managing director Jeff Bresnahan. ARF chief executive officer, Ian Silk said "winning the award for a second year running shows our members, employers ...