Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 3425 results for commonwealth bank

Former UBS GAM executive joins CBA incubator

KARREN VERGARA  |  THURSDAY, 28 JAN 2021
Commonwealth Bank has hired a former UBS Global Asset Management and Financial Services Council executive to chair its fintech incubator business. Ben Heap was appointed non-executive, independent chair of x15ventures, which helps scale startups by ...

Ignition Advice appoints deputy chair

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... non-executive director of the Garvan Institute of Medical Research. Scrimshaw has also worked in various departments at Commonwealth Bank, Optus, Amdahl and IBM Australia. "I am very excited to be a part of what I expect will be a major international ...

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... Federal Court of Australia's consideration of the scheme at a hearing in March 2021. In September last year, Commonwealth Bank (CBA) received a payment of approximately $450 million for the sale of CommInsure Life. The payment followed a $500 million ...

Northern Trust wins First Sentier mandate

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... global manager has appointed Northern Trust for middle-office outsourcing services, after it separated from Commonwealth Bank. First Sentier Investors' middle-office functions were handled by CBA subsidiary Colonial First State Investments Limited ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... management in the wake of the Royal Commission, National Australia Bank lost 245 advisers; ANZ Group lost 162 and Commonwealth Financial Planning lost 125. Merit Wealth was down 55 advisers, PricewaterhouseCoopers Securities went from 56 to just two ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... advertising and marketing tactics by the banks. Interestingly, 84% of parents surveyed are satisfied with the program. Commonwealth Bank has a significant foothold of the school banking market, attracting 3629 schools with 175,138 active accounts. Bendigo ...

Aussie, Lendi to merge

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
Lendi and Commonwealth Bank have entered into an agreement to merge Lendi with Aussie Home Loans. The merged business will maintain a multi-brand strategy but Lendi will also access the more recognisable Aussie brand name and its national network of ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million). Commonwealth Bank had the highest tax payable bill from the big four banks at $3.2 billion, followed by Westpac at $3 billion, NAB at $2.1 ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife. The bank will divest its 37.5% stake in BoCommLife to MS&AD Insurance ...

Amazon Web Services expands Australian operations

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... to achieve even greater fault tolerance. The Melbourne Region will launch with the availability of three AZs. Commonwealth Bank executive general manager, global technology services Mark Vudrag believes having safe and resilient infrastructure allows ...