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Showing 451 - 460 of 6679 results for "Sale"

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
... compared to the $51.2 million in net profit it reported in FY23, which included the proceeds of the Australian Executor Trustees sale. That said, underlying net profit after tax came in at $216.6 million, up about 14% on last year's $191 million. The ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... in his current role until October 1, when he goes on gardening leave and continues to work with the board to complete the sale of Perpetual Corporate Trust and the wealth management unit that will overhaul the firm into a standalone asset manager. Kohlberg ...

MLC Asset Management names director of institutional distribution

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
MLC Asset Management has appointed a director of institutional distribution and consultant relations. Former Schroders Investment Management head of intermediary sales Ian Anderson is the new hire. Anderson previously led a sales team at Schroders ...

Losses further sink Lendlease

KARREN VERGARA  |  MONDAY, 19 AUG 2024
... billion of assets are on track to be divested in FY25, more than half of which have already been announced. These include the sale of integrated life sciences interests in Asia into a new joint venture; the sale of 12 Australian master-planned Communities ...

Principal AM hires from BlackRock

ELIZA BAVIN  |  MONDAY, 19 AUG 2024
Principal Asset Management appointed Stuart Dunn as director of distribution for Australia, effective August 12. Principal said the decision was aimed at building on the firm's footprint in the institutional market while accelerating its growth ...

SEC seeks to shut down $450m Ponzi scheme

JAMIE WILLIAMSON  |  THURSDAY, 15 AUG 2024
The US regulator has filed charges over a $453 million Ponzi scheme that saw more than 2000 investors' retirement savings spent on luxury yachts, private jets and more. The Securities and Exchange Commission (SEC) obtained a preliminary injunction ...

Global X names head of portfolio management

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
Global X ETFs has appointed Chris Wolak as head of portfolio management, commencing in October. Wolak will oversee the company's ETF product line-up across equities, fixed income, commodities, and digital assets, which represents over $7.6 billion ...

State Street names president of investment services

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
State Street has announced Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
Challenger reported a normalised net profit before tax (NPBT) increase of 17% to $608 million and raised its full-year dividend by 10% to 26.5 cents per share fully franked, in its FY24 results released today. The financial services group said its NPBT ...

Global X loses another senior talent

ANDREW MCKEAN  |  WEDNESDAY, 7 AUG 2024
Global X ETFs head of portfolio management Cliff Man will exit the firm later this month, after an almost 11-year stint. Mann joined ETF Securities in Hong Kong before transitioning to the Australian business in 2016. Global X said he was instrumental ...