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Showing 41 - 50 of 125 results for "Commercial Bank"

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Investors looking to buy Commonwealth Bank's demerged wealth management arm now have a clearer picture about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years. NewCo, or Commonwealth ...

AustralianSuper bolsters executive lineup

JAMIE WILLIAMSON  |  TUESDAY, 24 JUL 2018
... recently head of emerging technology labs at ANZ and served as global head of technology for ANZ's corporate and commercial bank between 2014 and 2016. She has also held roles with Deloitte, Microsoft and Accenture. AustralianSuper said the new role ...

Sunsuper appoints former AustralianSuper executive

KANIKA SOOD  |  MONDAY, 23 JUL 2018
Sunsuper has added a former AustralianSuper group executive with marketing expertise to its board at a time as the $56 billion industry fund continues its merger spree. Georgina Williams has been appointed to Sunsuper's board. She has more than ...

Frontier appoints principal consultant

ALEX BURKE  |  TUESDAY, 29 MAY 2018
Frontier Advisors appointed a principal consultant from bfinance. Joey Alcock returns to Frontier having been a senior associate with bfinance in London since May 2016. He spent 11 years at Frontier before that as a consultant. Before his first stint ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... impact on the bank or broader industry. On 3 January 2017, ANZ announced it sold its 20% stake in Shanghai Rural Commercial Bank; this has materialised to an $86 million loss. In the same month, it agreed to sell UDC Finance, which is part of the New ...

ANZ considering IPO for subsidiary

KANIKA SOOD  |  TUESDAY, 20 MAR 2018
... retail and wealth business in six countries; its Australian investment and pension business; China's Shanghai Rural Commercial Bank and the Phillippines' Metrobank Card Corporation. The sales are a part of a broader move to tighten the risk and complexity ...

More clarity needed on NAB redundancies

JAMIE WILLIAMSON  |  FRIDAY, 3 NOV 2017
The Financial Sector Union of Australia is concerned with NAB's lack of detail provided around plans to cut almost 20% of its staff by 2020. The FSU responded to the news of planned job cuts by demanding urgent talks with NAB chief executive Andrew ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
Ambitious financial services firms are driving Australia's global leadership in the development of blockchain technology, which is already delivering productivity and innovation benefits to the nation's trillion-dollar wealth industry. BNP Paribas Securities ...

Westpac GM becomes PNG wealth group CEO

ALEX BURKE  |  TUESDAY, 27 JUN 2017
Westpac's former general manager for South East Asia Pacific is now the chief executive of an ASX-listed Papa New Guinean bank and wealth management firm. Greg Pawson's appointment as Kina Securities' chief executive was announced as part of Kina's ...

J.P. Morgan appoints new chief executive

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2017
J.P. Morgan's local chief executive Rob Priestley has stepped down after 15 years in the top spot. Head of global investment banking Paul Uren will replace Priestley as chief executive for J.P. Morgan Australia and New Zealand. Priestley joined the ...