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Showing 5101 - 5110 of 17956 results for "Bank"

Praemium moves Smartfunds into UAE

KANIKA SOOD  |  MONDAY, 25 JUN 2018
... balanced and cautious) and two Smartfund 80% protected funds (growth and balanced) in UAE. Dubai stock exchange-listed Mashreq Bank will act as Praemium's local promoter for the funds. Mashreq Bank has 44 branches in the UAE and a strong retail presence ...

CBA restructures executive leadership

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
Commonwealth Bank made a raft of changes to its executive lineup following the announcement of plans to demerge its wealth management business. Current chief risk officer David Cohen has been promoted to deputy chief executive, charged with leading ...

Dover exit renews self-licensing calls

ALEX BURKE  |  MONDAY, 25 JUN 2018
The collapse of Dover Financial Advisers has left more than 400 advisers with a narrow 30-day window to sign on with a new licensee, renewing calls for a more straightforward self-licensing regime. It's unclear at this stage where those 400 advisers ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
Most equity market investors are concerned but not yet alarmed at Trump's protectionist policies. This could be because the financial media is calling it a trade dispute, a trade spat and not a trade war (or is it because of the markets' relatively ...

CBA to demerge CFS, mulls further CommInsure sell-off

JAMIE WILLIAMSON  |  MONDAY, 25 JUN 2018
Commonwealth Bank is demerging its wealth management business and undertaking a strategic review of its general insurance arm. Standing as a separately listed wealth management business, CFS Group will comprise Colonial First State, Colonial First State ...

Former UBS Wealth boss joins LIC board

KANIKA SOOD  |  FRIDAY, 22 JUN 2018
... Management in Europe. She was UBS Wealth Management's UK head from 1999 to 2004. From 1992 to 1998, she headed UBS Investment Bank's European derivatives business. From 2005 to 2009, she was UBS Wealth Management Australia's chief executive officer. ...

Global manager hires former Wallaby, launches unit trust

DARREN SNYDER  |  FRIDAY, 22 JUN 2018
A former Australian rugby union centre is joining a UK-based equities manager as its managing director for Australia. The firm is also launching an Aussie-based global equities unit trust seeded with $130 million from an industry superannuation fund. ...

QIC continues US expansion

HARRISON WORLEY  |  FRIDAY, 22 JUN 2018
... take GCM forwards." Additionally, QIC added former Suncorp associate general counsel Michelle Thomsen. Linking with QIC from Bank of Queensland in August, Thomsen will take on the newly created role of general counsel, joining Wilkinson on the executive ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
Just like the other major world central banks that met before it this month - the Fed, ECB and BOJ - the Bank of England (BOE) did not disappoint market expectations (unlike in its May meeting where Governor Carney hinted at a rate hike months before ...

Chief economist update: RBA not cruising for a bruising

BENJAMIN ONG  |  THURSDAY, 21 JUN 2018
... circumstances, members agreed that it was more likely that the next move in the cash rate would be up, rather than down." Reserve Bank of Australia governor Philip Lowe declared this in many of his recent speeches, the statement was even inked in black ...