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Showing 441 - 450 of 2368 results for "Merger"

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... pcp but was affected by higher costs of doing business. "Growing industry demand for managed accounts, the private wealth merger with MTIS, the full acquisition of Ralton, and the strategic alliances with Torica and Marcus Today, positions the Clime ...

Perpetual profits halve post-Pendal deal

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
... million, with undrawn facilities of $75 million. At an analyst briefing, Adams said management was not a believer in a merger of equals - that there needs to be a party in control. "There needs to be a really clear single narrative, quick decisions. ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... Group Super has entered a Memorandum of Understanding to potentially merge with Australian Retirement Trust (ART). The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) transfer to ART. ...

Cushman & Wakefield adds to local leadership

CHLOE WALKER  |  FRIDAY, 17 FEB 2023
Guy Bennett has been appointed to lead the commercial real estate offering in Australia and New Zealand for global firm Cushman & Wakefield. Bringing over 23 years' experience in commercial real estate, Bennett has previously held roles across all facets ...

Industry fund joins the million-member club

ANDREW MCKEAN  |  THURSDAY, 16 FEB 2023
... growth, for MySuper products, averaged over a three-year period. Accounting for some of this growth, HESTA completed its merger with Mercy Super in December 2022, resulting in 13,000 new members. "We continue to look for growth opportunities that benefit ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
... fell through. Australian Retirement Trust (ART) and AvSuper have signed a Memorandum of Understanding (MoU) to explore a merger, commencing due diligence immediately. The hope is that the merger, if approved, will complete this year. "The reasons AvSuper ...

HALO acquires UK fund manager

CHLOE WALKER  |  WEDNESDAY, 15 FEB 2023
... an upfront consideration of approximately $174,400, plus a deferred consideration of close to $700,000. As part of the merger, HALO has appointed Karl Hughes as the chief executive of Resilient. Hughes brings over 35 years of experience in financial ...

Mason Stevens welcomes former Iress chief

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
Mason Stevens has appointed former Iress chief executive Andrew Walsh as chair of its board. Mason Stevens chief executive Tim Yule said Walsh brings nearly three decades of experience in financial services to the role. "Including 13 years at the helm ...

Financial markets brace for gloomy first half

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
... year. According to Fidelity International's annual analyst survey, over the next 12 months, debt defaults will increase, merger and acquisition activity will slow down, and shareholder returns will be subdued. The majority (60%) of analysts surveyed ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
Australia's two peak financial advice associations have flagged the new name of the proposed entity should their merger go ahead. The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) will be known as the ...