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Showing 41 - 50 of 87 results for "MLC Wealth"

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Wealth manager IOOF has launched a $1 billion capital raising to help fund the acquisition of MLC Wealth in a deal worth $1.4 billion. The agreement follows the announcement by NAB in 2018 to exit the business, saying the decision is in line with its ...

QIC appoints committee chair

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
... the QIC global private capital office in San Francisco. QIC's chief risk officer of seven years David Clarke moved to MLC Wealth this month.

Cash earnings fall, MLC sale pending: NAB

ALLY SELBY  |  FRIDAY, 14 AUG 2020
... exploring" options for the sale of its wealth management business. While a public market exit for the bank's subsidiary MLC Wealth is still on the cards, NAB noted it was also exploring alternative transaction structures - including a private sale of ...

MLC Wealth hires risk chief from QIC

KANIKA SOOD  |  MONDAY, 10 AUG 2020
MLC Wealth has hired QIC's long-standing chief risk officer in a similar role. David Clarke will join MLC Wealth in October as chief risk officer. Clarke joined QIC in 2007 and has led the risk function for the past seven years. Prior to this, he ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... "This applies when an adviser service fee is added or changed on a member's account." In response to media reports that MLC Wealth subsidiary charged customer's more to access external managed funds NULIS defended the position. "There is a higher administration ...

FSC appoints four to board

ALLY SELBY  |  MONDAY, 20 JUL 2020
... been appointed to the FSC board. The board is made up of the country's wealth management business leaders, including MLC Wealth chief executive Geoff Lloyd, Mercer chief executive David Bryant, TAL Group chief executive Brett Clark, AIA chief executive ...

Indigenous foundation teams up with super funds

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... been supported by a number of superannuation funds and financial services providers, including AustralianSuper, Cbus, MLC Wealth, Suncorp, TelstraSuper and UniSuper. The new website, IndigenousSuper.com.au, has been launched to help Indigenous Australians ...

MLC Wealth appoints chair

ELIZA BAVIN  |  TUESDAY, 2 JUN 2020
A former chief executive of BT Financial Group has been named independent non-executive chair of MLC Wealth. Robert Coombe has been named to take on the role, effective 1 July 2020. NAB chair Philip Chronican said the appointment to the board of National ...

MLC launches new advice business

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... today, and I'm excited to bring this unique proposition to market as we continue to refocus and reshape the broader MLC Wealth business."

Advisers split on COVID-19 opportunity

HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
... deciding whether COVID-19 is an opportunity to pick up new business, or a time to focus on existing clients. Latest MLC Wealth analysis found that the COVID-19 pandemic is challenging advisers' ability to deliver the intimate service for which they pride ...