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Showing 511 - 520 of 5965 results for "Second"

New PGIM chief executive named

MATTHEW WAI  |  MONDAY, 11 NOV 2024
Prudential Financial has appointed a former Morgan Stanley Investment Management (MSIM) executive to lead its US$1.4 trillion global asset management business, PGIM. Effective 1 May 2025, Jacques Chappuis will lead PGIM as president and chief executive. ...

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... intense, particularly in home lending and deposits. Despite competition and inflation impacting profits, we reported our second strongest revenue performance ever and a full-year cash profit of $6.7 billion, helping deliver a total return of 27% for ...

Fed cuts rates as Powell is questioned on Trump win

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... did, however, offer these two nuggets: first, the election result will have no bearing on near-term policy decisions, and second, while policy decisions could have an impact on their dual mandate over time, the Fed does not know the timing nor the substance ...

Payton Capital eyes 'extensive growth', hires four

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
The real estate fund manager is extending its footprint, establishing a presence in Perth and adding a second Queensland office. Payton Capital has opened an office in Perth and another in the Gold Coast, also announcing four appointees to take the ...

Mutual Trust merges with CMS Private Advisory

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... high-net-worth clients across South Australia and New South Wales. This marks Mutual Trust's fifth merger in its history, and the second in South Australia, having merged with Reynolds Advisory in 2021. Mutual Trust established its presence in South ...

Trump tariffs cause for concern among Australian investors

ELIZA BAVIN  |  THURSDAY, 7 NOV 2024
... "The larger problem comes from our trade with China. If China comes under pressure, Australia will be impacted through second order effects. This will likely keep the Australian dollar weak versus the US dollar." Independent economist Saul Eslake said ...

Magellan warns of staggering sovereign debt

KARREN VERGARA  |  WEDNESDAY, 6 NOV 2024
... inflate the problem away". The first option is politically unpalatable and appears unlikely, Di Marco and Pullen say. "The second option - default - would be an outright disaster and can be avoided by countries that issue debt in their own currency such ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
Liberal MP Bert van Manen is calling for the Record of Advice (RoA) to replace the Statement of Advice (SoA) and has introduced the proposed changes in a bill to parliament. Federal member for Forde, Bert van Manen, yesterday introduced the Corporations ...

FAAA moves to combat adviser shortage with new partnership

ANDREW MCKEAN  |  TUESDAY, 5 NOV 2024
... with opportunities to expand their expertise and gain international experience. She added that, as India is Australia's second largest source of migrants, this initiative will help the profession better serve this strong and growing community. "The declining ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... (ART) suffered an outage that saw many members' fortnightly pension payments delayed by several days. The nation's second-largest superannuation fund has been experiencing "intermittent technology outages" that have impacted payments to about ...