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Showing 501 - 510 of 5800 results for "West"

Westpac reports $3.1bn in cash earnings

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
The bank's cash earnings dropped due to competitive pressures on net interest margins and reduced credit impairment benefits. More promisingly, Westpac's earnings were up 71% compared to the second half of last year due to the success of its cost reset ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
National Australia Bank (NAB) has avoided a civil penalty for issues related to anti-money laundering and counter-terrorism financing (AML-CTF) laws. Unlike the Commonwealth Bank and Westpac which received gargantuan fines for AML-CTF breaches, NAB ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
At the ASFA Conference, former deputy prime minister and Cbus chair Wayne Swan called superannuation a great triumph of social-democratic policy as it's become a major source of social stability. The world has become a more dangerous place, its ...

Mirae appoints to newly created alternatives role

CHLOE WALKER  |  WEDNESDAY, 27 APR 2022
Mirae Asset Global Investments (Mirae) has expanded its Australian alternatives team with the appointment of Anthony Poon to the new role of vice president, alternative investments. In this role, Poon will report to Mirae Asset's head of alternatives ...

Integrity Life appoints chief technology officer

ELIZABETH MCARTHUR  |  TUESDAY, 26 APR 2022
Integrity Life has announced the appointment of a new chief technology officer. Ashish Khurana steps into the position, joining after four years as chief technology officer with Saxo Bank in Denmark. Prior to joining Saxo, Khurana held several executive ...

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ...

Hines enters Australian industrial sector

CHLOE WALKER  |  FRIDAY, 22 APR 2022
The global investment firm has purchased a portfolio of four logistics properties in Sydney and Brisbane for a combined $211.5 million from local fund manager Pipeclay Lawson. They will be held by the Hines Asia Property Partners (HAPP) a diversified ...

Westpac giving away BT super business

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
Westpac continues to seek to offload its BT superannuation business, with the bank now willing to transfer the business for no financial consideration. "In preparation for the exit of our superannuation business, the carrying value of our superannuation ...

Australian Ethical adds to investment committee

CHLOE WALKER  |  WEDNESDAY, 13 APR 2022
Australian Ethical has welcomed three industry veterans to its investment committee. To further boost its leadership in ethical and ESG asset allocation, Australian Ethical has appointed Sean Henaghan, Sandra McCullagh and Steve Rankine to its investment ...

MaxCap Group expands direct investment team

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Real estate financier MaxCap Group has announced that Adam Cook has joined its direct investment team as director. Cook will report to MaxCap's head of direct investment Simon Hullet and be responsible for originating new equity investment opportunities ...