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Showing 511 - 520 of 6712 results for "Ong"

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
Private credit continued to buoy Qualitas' performance in the 2024 financial year while Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several ...

State Street partners with Taurus to expand digital asset services

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
State Street Corporation announced a strategic agreement with Taurus, a digital asset platform, to deliver new digital asset capabilities to State Street Bank and institutional investors. The agreement will add tokenisation and digital custody services ...

Former BBY employee sentenced for 'dishonest conduct'

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
Nine years on from its collapse, the former employee of stockbroking firm BBY has been sentenced to two years and six months after being convicted of aiding and abetting. ASIC alleged that Yat Nam (April) Yuen had facilitated the transfers of client ...

Managed funds bounce back after bearish Q1: Calastone

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
Managed funds in Australia have rebounded into inflow territory for the first half of 2024, following a bearish first quarter, according to Calastone. The global funds network reported that local investors injected $3.21 billion into unlisted managed ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
In a first for ASIC, Libertas Financial Planning's AFS Licence (AFSL) has been revoked for its failure to pay compensation as ordered by the Compensation Scheme of Last Resort (CSLR). Libertas, which went into liquidation in September 2023, failed ...

HUB24 sees profits jump 15%

ELIZA BAVIN  |  TUESDAY, 20 AUG 2024
HUB24 reported solid results for FY24 with EBITDA and NPAT rising 15% for the year to $118 million and $67.8 million respectively. Underlying platform EBITDA was up 21% on FY23 to $103 million and underlying tech solutions EBITDA was up 1% to $22.1 ...

Iress earnings up 52% to $67m

ANDREW MCKEAN  |  MONDAY, 19 AUG 2024
Iress reported that its adjusted EBITDA increased by 52% to $67 million for the half-year ending 30 June 2024, compared to the same period in 2023. The financial services software company said the increase reflected "stable revenue" combined with "substantial ...

Principal AM hires from BlackRock

ELIZA BAVIN  |  MONDAY, 19 AUG 2024
Principal Asset Management appointed Stuart Dunn as director of distribution for Australia, effective August 12. Principal said the decision was aimed at building on the firm's footprint in the institutional market while accelerating its growth ...

Bell Financial half-year profit soars 50%, revenue up

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
Bell Financial Group posted a net profit after tax of $16.6 million for the half year to June 30, a 50% increase on the prior corresponding period, while revenue rose to $138.7 million, up 18.3%. The diversified financial services and wealth management ...

ASX lifts revenue amid lower listings, capital raises

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
The ASX earned record revenue of $1.03 billion in the 2024 financial year despite a volatile period for equity markets and lower capital raising. Total revenue grew 2.4% from the prior corresponding period, largely driven by the exchange's markets ...