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New director for IOOF in 2004

AAP | MONDAY, 8 DEC 2003

Financial services group IOOF Holdings Ltd, which debuted strongly on the Australian Stock Exchange last week, expects to appoint a new chief executive early next year. IOOF shares began trading on the ASX at $3.80, well above the issue price of $3.15. ...

ASIC clears way for new exchanges to set up in Australia

... sufficiently equivalent to the Australian regulatory regime for comparable markets", said Malcolm Rodgers, ASIC executive director for policy and markets regulation. He said PS 177 provided guidance on when an Australian Financial Services Licence was ...

ING sells entire IWL strategic stake

... closely with them in the future." ING Australia Ltd confirmed this future outlook, with David Spreadbury, executive director for business technology saying that ING intends to continue a strategic relationship with IWL and remains committed to the Visi ...

Midday Market Report: Dollar firm; All eyes on Japan

The Australian dollar was firmer to noon but remained locked in a range as global players await further direction from US economic data. At 1200 the Australian dollar was trading at $US0.6849/52 compared with yesterday's close of 0.6840/46. The local ...

AFA announces inaugural adviser of the year

... He has served at various levels of the Association, including two years as national vice president, two years as director for Victoria and Tasmania (Southern Region) and numerous committee positions at Regional, State and National level. "The Zurich ...

Alpha wins UFM Australian equity mandate

... adversely impacted the manager's performance relative to others with a strong growth style. Jake Jodlowski, UFM associate director for investments, said the change was the result of a regular review of managers, conducted with the assistance of research ...

Former HIH executives win reduction in liquidator payout

... to the $7,986,402 amount each was ordered to pay to the HIH liquidators. Adler was banned from acting as a company director for 20 years and Williams for 10. The breaches relate to the ban concern a $10 million payment by an HIH subsidiary to Pacific ...

Tower Group appoints two senior executives to NZ operations

... of human resources, information technology, finance, actuarial and distribution. Previously Mr Bevin was managing director for Tower Group's asset management business. "Paul Bevin and Paul Hunt are highly respected industry professionals - Paul Bevin ...

Principal appoints new director for institutional sales

Principal Global Investors has appointed Alex Francois its new director of institutional sales, it has announced. Mr Francois will focus on the sale of Principal's product range into the institutional and platform markets. "Principal Global Investors ...

Mike Wilkins elected ICA president

... Royal Commission, as well as the important issues of ongoing tort reform and taxation." Mike Wilkins has been an ICA director for four years, and since 2002 has been serving as deputy president.

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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