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| | | Perpetual has completed its Pendal Group acquisition and confirmed two board appointments. "We are pleased to finalise the transaction that combines two of Australia's oldest and most respected active asset management businesses," Perpetual chair ... |
| | | | Sequoia Financial Group has updated its profit guidance for the first half, saying several "abnormal items" will negatively impact its bottom line. In November, the group said it was expecting EBITDA in the first half of between $4 million to $5 million. ... |
| | | | Perpetual reported it took a $1.2 billion hit in December ahead of its Pendal Group takeover, which is now due to be completed on Monday. Despite the loss, the investment manager said it "benefited from a rebound in equities markets" and ended the year ... |
| | | | MA Financial Group has appointed Nikki Warburton to its board of directors, effective immediately. Warburton has more than 30 years of experience in consumer, brand, and marketing across a range of industries including automotive, advertising and media. ... |
| | | | BlackRock Australia is restructuring its fundamental equities business, in a move that's seen the departure of three portfolio managers. A spokesperson for BlackRock confirmed it is repositioning the Aussie fundamental equities business following a ... |
| | | | Despite the weakening macroeconomic environment, global infrastructure assets, in particular airport assets in the Asia Pacific region, are continuing to rebound strongly following the pandemic. According a Fitch Ratings' report, the infrastructure ... |
| | | | Apex Group has acquired Pacific Fund Systems (PFS) from its co-founders and Pollen Street Capital for an undisclosed amount. PFS runs specialist accounting and administration platform PFS-PAXUS, which supports all manner of funds, including hedge funds ... |
| | | | Prime Super has appointed two non-executive board directors, effective 1 January 2023. Prime Super added former Club Plus Super chief investment officer Gemma Dooley and Edgehaven managing director Bev Durston. Dooley has more than 30 years' experience ... |
| | | | The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ... |
| | | | ASIC has started civil penalty proceedings against 11 current and former directors and executives of Star Entertainment Group, including a Pendal Group director. ASIC deputy chair Sarah Court argued that the Star's board and executives failed to ... |
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