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Showing 5461 - 5470 of 22133 results for "Tim"

Wage subsidy to rescue advice industry

ELIZABETH MCARTHUR  |  FRIDAY, 12 FEB 2021
With just 65 new names appearing on the ASIC Financial Adviser Register in 2020, the rapid decline in adviser numbers has industry experts calling for a wage subsidy to incentivise advice practices to take hire graduates. In its pre-Budget submission ...

Chief economist update: Light at the end of the Euro tunnel

BENJAMIN ONG  |  FRIDAY, 12 FEB 2021
It's beginning to look a lot like the Eurozone economy wouldn't be able to dodge a double-dip recession given tighter and/or extended coronavirus restrictions and lockdowns remain in place in many of its member countries. Eurozone GDP fell into ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ...

Perpetual bolsters distribution team

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
Perpetual has made three key hires to its distribution team as part of a global strategy across its asset management divisions. Ben Daly has been appointed director of institutional business for Perpetual Asset Management in Australia. He joins from ...

Schroders appoints new chief executive

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
Schroders has appointed a new chief executive for Australia, who will report to APAC co-chief executive Chris Durack. Sam Hallinan will become chief executive for Australia, focusing exclusively on the region. He joins Schroders from Nikko Asset Management ...

BetaShares to launch new fund

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The exchange-traded fund (ETF) provider is set to launch a cloud-computing ETF later this month as it continues to build out its technology offering. The BetaShares Cloud Computing ETF (CLDD) will invest in companies that have taken advantage of the ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

Local managed funds fee revenues shrinks

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
Wholesale managed funds reaped $4.5 billion in fee revenue in 2020 but average fees were down 6bps, according to new Rainmaker research. Rainmaker analysed more than 1000 managed funds which had $588 billion in total assets. The average fee wholesale ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
Commonwealth Bank has rewarded shareholders with a generous dividend payout despite its latest results falling short of expectations. December 2020 half-year results show the bank's net-profit after tax dipped 21% to $4.9 billion on the prior corresponding ...

Rest extends State Street relationship

KANIKA SOOD  |  WEDNESDAY, 10 FEB 2021
The $59 billion industry fund has mandated its custodian State Street to streamline operations in its investment portfolio. Rest will implement Charles River Development Investment Management Solution (IMS) for in-house investments and 'whole-of-fund' ...