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Showing 531 - 540 of 2785 results for "Westpac 16,500"

Global investment bank expands Australian team

HARRISON WORLEY  |  MONDAY, 4 JUN 2018
The investment banking arm of the Royal Bank of Canada expanded its Australian distribution with the appointment of a head of fixed income sales. New York based Christopher Muirhead will join RBC Capital Markets Australian team in Sydney, linking from ...

ASIC bans former AMP adviser

HARRISON WORLEY  |  MONDAY, 4 JUN 2018
ASIC's wealth management project has banned a former Charter Financial Planning adviser for five years. Desmond Luplau has copped a five-year ban on the provision of financial services from the regulator for failing to act in the best interests of his ...

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
Major bank stocks could tumble up to 40% if the correction in the housing market gets more disorderly, UBS analysts led by Jonathan Mott said in a research note dated May 30. However, this "credit crunch" is not yet UBS' base case, even though it ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
The Federal Court ruled Westpac's conduct in handling bank bill swap rates was "unconscionable" on four of the 16 occasions that ASIC alleged the bank manipulated the BBSW. While ASIC failed to prove Westpac traders had manipulated the BBSW, the bank ...

Pendal appoints head of investment services

ALEX BURKE  |  TUESDAY, 22 MAY 2018
Pendal Group has appointed a head of investment services and program office. Justin Howell joins Pendal from LeapFrog Investments, where he was a director. Prior to that, he was investments head of strategy and operations at First State Super. He was ...

Westpac names customer relations executive

ALEX BURKE  |  FRIDAY, 18 MAY 2018
Westpac appointed a new group executive, customer and corporate relations and admitted it has been too slow to resolve customer issues. Carolyn McCann was previously Westpac's general manager, corporate affairs and sustainability. Prior to that ...

Australian Ethical divests AMP

ALEX BURKE  |  THURSDAY, 10 MAY 2018
Australian Ethical will divest AMP following the governance failures exposed by the Royal Commission. Speaking to Financial Standard, Australian Ethical head of ethics research Stuart Palmer said while AMP passed its ethical screening in 2016, and the ...

Pendal sees 70% boost in performance fees

ALEX BURKE  |  THURSDAY, 10 MAY 2018
Pendal Group, formerly BT Investment Management, heralded a 70% boost in performance fee revenue in the six months to March 31. This represents $47.6 million in performance fees, along with an 18% boost in base management fee revenue to $247.9 million ...

BTFG reports first half earnings growth

HARRISON WORLEY  |  MONDAY, 7 MAY 2018
Westpac's wealth management and insurance arm yielded $1.2 billion in revenue in the six months to 31 March 2018, an increase of 5% on 2H17. Overall BT Financial group added $404 million in cash earnings to Westpac Group's interim results, with the ...

Westpac obscured bad adviser reference check

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The Royal Commission found Westpac downplayed the gravity of former financial adviser Andrew Smith's misconduct not only to the regulator but with another licensee he was joining. Smith commenced as a financial adviser with Westpac subsidiary St George ...