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| | | ... executive and managing director Adam Watson said the divestment reflects its focus on reviewing its portfolio to simplify the business. It recently divested its networks business, pulling out of all of its non-core gas distribution assets in Australia. ... |
| | | | ... binding agreement, or that any transaction would proceed. Perpetual announced its intent to sell the wealth management business in February 2025. On November 5, Perpetual confirmed the exclusive agreement with Bain Capital Private Equity to progress ... |
| | | | ... members," APRA deputy chair Margaret Cole said. "The accountabilities of trustees are the same irrespective of their business model and cannot be outsourced." An Equity Trustees spokesperson said Equity Trustees supports the continuous improvement of ... |
| | | | ... private and public markets. As a large private investment manager focused on financial technology and technology-enabled business service companies, Motive Partners also contributed to this initial partnership. With Intelligence was recently acquired ... |
| | | | ... office and HSBC. In her new position, Kooyman will be a member of the executive leadership team, responsible for the business' enterprise-wide risk management framework. She will replace Karen Hughes who has been chief risk officer at Australian Ethical ... |
| | | | Experts believe the hype around artificial intelligence (AI) is not a bubble and remain constructive on the sector going into 2026. Munro Partners portfolio manager Kieran Moore said the Melbourne-based investment management firm sees AI as a five to ... |
| | | | Australia's corporate distress levels have increased by almost 50% across most industries since the pandemic, due to elevated interest rates, persistent inflation and sector-specific vulnerabilities, new research indicates. The inaugural Australian ... |
| | | | ... mandate, also with State Street, due to misalignment with the pension fund's sustainable investing policy, awarding the business to Invesco and Amundi. The termination of these European mandates showcases the tightrope that asset managers like BlackRock ... |
| | | | ... underscored the importance of having a diversified client base, as one $2.2 billion manager warns this has become a substantial business risk. This year alone saw the curtains drawn for Celeste Funds Management, Touchstone Asset Management and Ethical ... |
| | | | ... non-cash in nature and will not affect underlying operating cash flow or the ongoing performance of the group's core business units," Sequoia said. ASIC is currently suing Sequoia's subsidiary Interprac Financial Planning, alleging its financial advisers ... |
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