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Showing 4991 - 5000 of 21770 results for "Dec"

Colonial First State faces penalties for MySuper conduct

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
The Federal Court has found Colonial First State misled members of its FirstChoice Fund on at least 12,978 occasions over nearly two years in relation to switching to its MySuper product. The court found CFS's communication (via letters and calls) ...

State Street acquires custodian for $4.7bn

KARREN VERGARA  |  WEDNESDAY, 8 SEP 2021
State Street Corporation will acquire the custody business of a competitor for $4.74 billion (US$3.5bn). New York-headquartered Brown Brothers Harriman & Co. (BBH) has entered into a definitive agreement with State Street to sell BBH Investor Services ...

ASX gender targets 65 years away: CEW

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
The ASX 300 needs to improve targets on female representation as the current rate of progress will see it take 65 years for women to make up 40% of line roles in executive leadership teams, data from Chief Executive Women (CEW) shows. The 2021 CEW Senior ...

Morningstar business development lead to exit

JAMIE WILLIAMSON  |  WEDNESDAY, 8 SEP 2021
Morningstar is recruiting for a new head of business development for Australia and New Zealand as the incumbent readies to return to the United States. Phil Winter is remaining with Morningstar but leaving the local business; returning to Chicago at ...

IFM Investors sets 2030 emissions target

ELIZABETH MCARTHUR  |  TUESDAY, 7 SEP 2021
The $174 billion manager owned by industry funds will reduce the carbon footprint of its infrastructure assets by 40% by 2030, as it heads down the path to net zero by 2050. IFM Investors has set its interim emissions reduction target for the infrastructure ...

AustralianSuper skewers draft disclosure laws

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
The draft legislation on superannuation portfolio holdings disclosure is not in the best financial interests of members and only stands to serve rival fund managers to whom the reforms don't apply, according to AustralianSuper. In its submission to ...

AMP Capital divests majority stake in train company

KARREN VERGARA  |  MONDAY, 6 SEP 2021
AMP Capital will sell over half of its stake in a train leasing company based in the UK. A consortium comprising the Public Sector Pension Investment Board (PSP Investments) and funds advised and managed by the Amber Infrastructure Group agreed to acquire ...

Pinnacle to increase stake in Coolabah

KANIKA SOOD  |  MONDAY, 6 SEP 2021
The Sydney multi-boutique is looking to add to its stake in Christopher Joye's Coolabah Capital Investments as the latter grows its FUM by 172% in less than two years. Pinnacle Investment Management acquired a 25% stake in Coolabah in December 2019 ...

State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
State Street is adding 400 new roles to bolster its technology and cybersecurity support for its global operations. The roles will be based in Kilkenny, Ireland where it currently employs some 2000 staff across Dublin, Drogheda and Naas. The new unit ...

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
The Australian Bureau of Statistics (ABS) released its "National Accounts" report for the June 2021 quarter, and it was good... nay, it was great! The report showed the economy grew by a better-than-expected 0.7% in the second quarter of the year, taking ...