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ANZ reduces 146 Oasis staff in Macquarie partnership

ALEX BURKE  |  WEDNESDAY, 3 FEB 2016
... agreement, Macquarie will take effective stewardship over ANZ subsidiary business Oasis, with ANZ staff being reduced over the next 18 months as administration services are transferred. According to ANZ's statement, "the majority" of the 146 Oasis roles ...

QIC purchases New York shopping centre

DARREN SNYDER  |  WEDNESDAY, 3 FEB 2016
... interests in the retail sector across the US is a key element of our investment strategy, and this acquisition is a logical next step in our constructive working relationship with Forest City. "We see further opportunities in the US, and our active management ...

Strength in (A$) weakness

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2016
... also picked up. "Inflation continues to be quite low (note "quite low" not low)... and "is likely to remain low over the next year or two". It is still appropriate. Although the global economy is growing "at a slightly lower pace than earlier expected" ...

Aberdeen CIO jumps ship to M&G

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... which is a world-class business. I look forward to working with the team to continue building the business and leading the next phase of M&G's development." Rather than finding a direct replacement for Richards, Aberdeen said her duties would be taken ...

AZ NGA acquires second RI Advice practice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
AZ Next Generation Advisory has acquired its eighth financial advice practice, the second from the RI Advice Group. AZ NGA's latest acquisition is Empowered Financial Partners, established in 1994 as Williamstown Financial Services and manages $134 ...

Treasury revises cost of super tax concessions

DARREN SNYDER  |  TUESDAY, 2 FEB 2016
... by Treasury has led to an improvement in the accuracy of TES forecasts, particularly around super tax concessions over the next five years. "The revisions to later years are even greater, down from an estimated $45.9 billion for 2017-18 to $32.2 billion," ...

Charter Hall appoints CEO amid restructure

ALEX BURKE  |  MONDAY, 1 FEB 2016
... across the office, retail, industrial and hospitality sectors as we look to capitalise on these positions and embark on our next phase of growth. "I am excited to be working with the board, senior leadership team and the broader business on securing ...

BOJ goes negative to get postive

BENJAMIN ONG  |  MONDAY, 1 FEB 2016
... announcement that the European Central Bank (ECB) would "review and possibly reconsider our monetary policy stance at our next meeting in early March in order to secure a return of inflation rates towards levels below, but close to, 2%" and emphasised ...

Ageing Australia will impact budget for next decade

DARREN SNYDER  |  FRIDAY, 29 JAN 2016
... population and the associated pressures on health funding are expected to place significant tolls on the federal budget over the next decade according to a Treasury official. Secretary to the Treasury, John Fraser told the Sydney Institute yesterday ...

CBA risk officer retires

DARREN SNYDER  |  FRIDAY, 29 JAN 2016
... corporate affairs team. He has increasingly become involved in key risk decisions and processes at CBA, and so this is a logical next step for him and the group," Narev said. CBA will begin a search to identify Cohen's successor.