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Showing 471 - 480 of 3404 results for "Frank"

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

CBA profit takes hit, dividend cut

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
The Commonwealth Bank has announced an 11.3% profit hit due to the effects of the COVID-19 pandemic and slashed its dividend by 31%. The bank announced its FY20 results, saying it reflects the impact of COVID-19 on its customers and the economy, adding ...

Franklin Templeton completes acquisition

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
Franklin Templeton has officially completed its acquisition of investment manager Legg Mason, creating one of the world's largest specialist managers. Franklin Resources, a global investment management organisation with subsidiaries operating as Franklin ...

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
A consortium including Saudi Arabia's Public Investment Fund (PIF) has withdrawn its £300 million takeover of English Premier League team Newcastle United Football Club. The buyer consortium also included PCP Capital Partners and Reuben Brothers and ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Banks and insurers have been asked to retain at least half of their earnings while deciding dividends until December, after APRA issued revised guidelines. The prudential regulator in April asked banks and insurers to consider deferring dividend decisions ...

Franklin Templeton announces revised APAC team

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
Franklin Templeton has revealed its new head of Asia Pacific (APAC), including India, as well as an updated distribution team within the region as it completes its acquisition of Legg Mason. Vivek Kudva has been appointed head of APAC and will be responsible ...

FSC appoints four to board

ALLY SELBY  |  MONDAY, 20 JUL 2020
... Doherty, Driscoll and Hastilow. The FSC also appointed Aberdeen Standard's Brett Jollie, Schroder's Chris Durack, Vanguard's Frank Kolimago, MLC Wealth's Garry Mulcahy, State Street Global Advisors' James MacNevin, Russell Investments' Jodie Hampshire ...

Challenges abound as super poises for COVID-19 recovery

ALLY SELBY  |  TUESDAY, 30 JUN 2020
Leaders from the nation's industry super funds have called for greater certainty around superannuation policy, noting various challenges face the industry in the period of economic recovery ahead. In particular, industry fund chief executives pushed ...

Franklin Templeton cuts fees

KANIKA SOOD  |  WEDNESDAY, 24 JUN 2020
Franklin Templeton will drop the fees on eight funds from 2bps to 23bps per year, effective July 1. The steepest fee cut is on the $443 million Franklin Global Growth Fund which will go from charging 1.13% per year in management costs to 0.90%. Two ...

Vanguard adds to Aussie executive lineup

ALLY SELBY  |  FRIDAY, 19 JUN 2020
... comes after three years spent as Vanguard Australia's head of product strategy; with the firm's managing director Frank Kolimago arguing this experience made him the perfect candidate for the job. "Balaji is well known to many through his work ...