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Showing 441 - 450 of 3057 results for "ANZ - 23 %"

OnePath receives first Life Code sanction

JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
OnePath is the subject of the first sanction to be issued by the Life Code Compliance Committee for failure to stop selling a non-compliant product and remediate customers by an agreed deadline. In July 2017 OnePath self-reported its ANZ Loan Protection ...

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
"Such a feelin's comin' over me There is wonder in most everything I see..." - Karen Carpenter Not long now - just less than a percentage away (0.8% to be exact) - and the All Ordinaries index would top the all-time high of 6,853.57 points it ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
OnePath awarded about $210 million in two separate mandates that were previously managed by UBS Asset Management. In December, UBS AM said it was transferring some of its investment management functions to external managers under new partnerships. Melbourne-based ...

John Key under fire

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
An independent 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 ...

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
Westpac is welcoming a new head of remediation. At the same time, the group has responded to reports of up to 300 planned redundancies within BT Financial Group. Former ANZ general manager, wealth separation and transition Mandy Rutherford has joined ...

Bank chief steps down amid expenses scandal

ELIZABETH MCARTHUR  |  TUESDAY, 18 JUN 2019
ANZ New Zealand chief executive David Hisco stepped down following a review of his personal expenses. The ANZ board expressed concerns about the characterisation of certain expenses attributed to Hisco. While Hisco doesn't accept all of the concerns ...

ANZ cleared of $50m fee bungle

KANIKA SOOD  |  FRIDAY, 14 JUN 2019
ASIC has cleared ANZ of the $50 million fee-for-no-service misconduct connected to its Prime Access offering. The corporate regulator said it is satisfied by the audited attestation it received from ANZ, signed by managing director private banking and ...

Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
What do we want! More rate cuts! The depreciation in the A$/US$ exchange rate to as low as US$0.6902 immediately after the Australian Bureau of Statistics' (ABS) - from US$0.6949 a day earlier - released its 'Labour Force' report for May ...

UBS deputy head of research departs

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
UBS has appointed a new deputy head of research as the incumbent leaves the company after almost nine years. James Coghill led UBS's insurance coverage after joining in 2010 and was appointed deputy head of research in 2015. He has decided to leave ...

Zurich finalises OnePath acquisition

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
Zurich has completed its acquisition of ANZ's life insurance business OnePath. More than 500 employees nationwide have joined the Zurich Life and Investments team. It also marks the commencement of a 20-year distribution agreement via ANZ's bank channels. ...