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| | | Commonwealth Bank (CBA) reported its cash net profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core ... |
| | | | The team at Australian Eagle Asset Management will join Montgomery Investment Management as part of a new partnership next month. The six-person team, led by chief investment officer Sean Sequeira and senior portfolio manager Alan Kwan, will join under ... |
| | | | Eric Blewitt has resigned from AUSIEX after nine years, including leading its predecessor CommSec Adviser Services. He will leave the company to pursue new opportunities and officially depart on August 31. Blewitt boasts an impressive track record in ... |
| | | | Resolution Life chief executive Megan Beer will relocate to London for a new role with the group in 2023, with her local replacement named. Beer is set to become chief operating officer of Resolution Life Group, overseeing the group's global operations ... |
| | | | CommSec's latest quarterly data shows Victoria is the best performing economy in Australia, ending Tasmania's long run at the top for the past nine quarters. In fact, Tasmania has slipped to third position in the rankings of the best performing economies ... |
| | | | Lonsec is expanding its market reach with the acquisition of specialist MDA provider Implemented Portfolios (IPL). The acquisition will increase the firm's offering of complementary managed account solutions to financial advisers, whether it be separately ... |
| | | | ANZ has agreed to acquire Suncorp's banking arm for $4.9 billion, calling it a vote of confidence in Queensland's future. To help fund the acquisition, ANZ it is raising $3.5 billion via a fully underwritten pro rata accelerated renounceable entitlement ... |
| | | | The investment platform now has $40.5 billion in funds under administration, up 10% on the same time last year. Additionally, Praemium's financial year net inflows were $2.9 billion, up 92% from its prior corresponding period. Unfortunately, gross inflows ... |
| | | | BetaShares has made a raft of appointments, including adding two to its sales leadership team to oversee wealth management and high-net-worth groups. All five appointments are internal promotions and have been made to the ETF manager's sales, distribution ... |
| | | | Sri Lanka's debt-laden economy has collapsed, and its newly elected prime minister has announced bankruptcy as the island nation suffers its worst financial crisis in decades. Due to the crisis, the country has seen severe shortages of necessities like ... |
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