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| | | AllianceBernstein (AB), the subsidiary investment management firm of Equitable Holdings, has announced a new leader to oversee the company alongside its chief executive Seth Bernstein. As president, Onur Erzan will partner with Bernstein to prioritise ... |
| | | | A year on from the announcement, MetLife Investment Management (MIM) has successfully acquired PineBridge Investments from the Pacific Century Group. The combined business, which manages total assets of US$735 billion, will be led by MIM president Brian ... |
| | | | Janus Henderson is being acquired for $11.1 billion (US$7.4bn) and will be delisted from the New York Stock Exchange (NYSE) following the completion of the transaction. New York-based Trian Fund Management and venture capital firm General Catalyst Group ... |
| | | | The government released the final reports of the Productivity Commission's five pillars of productivity inquiries - containing 47 recommendations to support productivity growth across five key areas of the economy. "Australia's productivity ... |
| | | | Melbourne-based financial adviser Louis Van Coppenhagen has been banned from providing financial services for seven years over a series of misconduct when he was an authorised representative of MWL Financial Services (MWL) and United Global Capital ... |
| | | | The Federal Court has ordered licensee RM Capital to pay a $575,000 penalty and its authorised representative SMSF Club to pay $350,000 over conflicted remuneration breaches. The penalties follow ASIC succeeding in its case against RM Capital in 2024 ... |
| | | | Drummond Capital Partners has expanded its private markets offering to retail investors, available on BT Panorama through IDPS and superannuation. The firm has also launched a new private income portfolio designed to support retirement income. The Drummond ... |
| | | | Victorian financial advice firms Coastline Advice and Edge Advisory Partners have announced plans to merge and create a multi-disciplinary advice business. The combined entity will operate under the Coastline Advice brand, and will collectively house ... |
| | | | There was no shortage of news impacting the financial advice community this year, with advisers bearing the brunt of negative sentiment in the wake of First Guardian and Shield collapses. But there were some bright spots throughout the year, including ... |
| | | | Morningstar Australasia has bolstered its manager research team with two new hires. Eun Sub Kim joins as senior manager research analyst for fixed interest, reporting to Thomas Dutka. He was most recently at Mercer as a market strategist and investment ... |
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