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Showing 41 - 50 of 100+ results for Melanie Timbrell

J.P. Morgan buys into online shopping

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
J.P. Morgan Asset Management has taken a stake in one of South East Asia's fastest growing e-tailer, Lazada. The investment for an undisclosed amount was made via Lazada's controversial German owner, Rocket Internet. Rocket Internet GmbH is an online ...

Legg Mason chief replaced to staunch investor outflow

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Legg Mason chairman and chief executive Mark Fetting will step down effective October 1 amid pressure from activist investor Nelson Peltz's Trian Fund Management and five years of client outflows. Fetting's departure will be two months before a standstill ...

Treasury seeks to boost APRA powers

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Proposed new changes from Treasury would see the prudential regulator awarded pre-emptive powers to remove trustees, directors or officers of a superannuation fund where a breach of law was anticipated. The move was part of a broad-reaching consultation ...

Sukuk demand to reach US$900bn in five years

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Global demand for Sukuk is forecast to triple from US$300 billion to US$900 billion by 2017, according to recently released estimates from Ernst & Young. Conventional institutions are increasingly demanding Shari'a compliant securities alongside Islamic ...

Medcraft calls for international super benchmarking

MELANIE TIMBRELL  |  THURSDAY, 13 SEP 2012
Super funds should give members detailed information on where funds are being invested, and benchmark allocations against an international standard, ASIC chairman Greg Medcraft has said. Medcraft has previously argued in favour of detailed asset allocation ...

Lest we forget Lehman: Omgeo

MELANIE TIMBRELL  |  TUESDAY, 11 SEP 2012
While this week's fourth anniversary of the collapse of Lehman Brothers only added to the GFC, history should see it as a net positive for the industry, according to Tony Freeman, executive director for industry relations at middle office player Omgeo. ...

Brokerage domination chokes competition: Paritech

MELANIE TIMBRELL  |  TUESDAY, 11 SEP 2012
The net effect of the domination a handful of large players have over Australia's brokerage market is cheap brokerage fees, but expensive administration and little innovation. That's according to independent player Paritech, whose chief executive Rick ...

Super concession cuts ignite SMSF debate

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
Reports that tax concessions to super will be cut by the Government to fund upcoming health and education initiatives have sparked debate in the industry over whether high balance super members and SMSFs in particular are paying their share. Recent ...

Super roundtable supports small business clearing house

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
A Council of Small Businesses of Australia (COSBOA) proposal to better promote the Government's small business super clearing house has received support from the fourth meeting of the Government's industry superannuation roundtable. Around 32,000 businesses ...

IFM appoints global head of marketing

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
Industry Funds Management has appointed former Ernst & Young executive Wade Smith to the role of global head of marketing. Based in Melbourne, Smith will take responsibility for designing and executing IFM's global marketing strategy, product development ...