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Showing 31 - 40 of 160 results for "ADI"

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
Australia's mutual banks, building societies and credit unions (the mutuals) increased in net assets but fell in profitability over FY22. According to KPMG Mutuals Industry Review 2022, net assets jumped 7.8% to $11.2 billion, up from 5.5% growth ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... not create an expectation that other instruments will be called in similar circumstances. To meet these expectations, the ADI or insurer must be able to demonstrate that "the cost of issuing the replacement instrument is equal to or less than the cost ...

Challenger offloads banking business

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2022
... million of deposits. The acquisition is part of the group's strategic expansion in Australia, saying it needed to become an ADI to access a deep and efficient pool of funding; potential uplift in margin; and to provide a platform to grow the business. ...

Sovereign wealth fund awards $700m mandate

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
The Abu Dhabi Investment Authority has handed a $700 million mandate to a listed real estate investment manager. The mandate has been awarded to Qualitas by a wholly owned subsidiary of the fund and it's to invest in local commercial real estate ...

Barclays appoints managing directors

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... clients in Australia and New Zealand," Satchwell said. "After obtaining our foreign authorised deposit-taking institution (ADI) license last month, I'm really excited to have Mr. Beattie and Mr. Connellan joining the bank, which further strengthens our ...

Octopus Investments bolsters team

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
Octopus Investments, an energy asset manager, has made several appointments after recently surpassing $1 billion in assets under management. On the sales side the firm recently appointed Tim Kok to head of institutional product. Kok was previously an ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

Be ready for negative rates: APRA to ADIs

JAMIE WILLIAMSON  |  MONDAY, 12 JUL 2021
... Reserve Bank of Australia being confident it's unlikely interest rates will enter negative territory, APRA is consulting on ADI's preparedness for such an event. Saying the regulator's standpoint does not preclude the possibility of zero or negative ...

ASIC bans adviser over $5m fraud

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
ASIC has permanently banned former Sentinel Wealth financial adviser Gavin Fineff, after he was charged with misappropriating between $3.3 and $5 million of client money. On May 7, Fineff was arrested and charged by New South Wales Police with 18 offences ...

Catholic Super bank implements Temenos

KANIKA SOOD  |  MONDAY, 12 APR 2021
... December 2020, Challenger said it would spend $35 million to buy Catholic Super's banking business, after considering an ADI license for two years. At the time, Bell Porter's Lafitani Sotiriou said the acquisition would give Challenger the opportunity ...