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Local banks face global assault

... market, said Matthew Marks, regional industry manager, Banking and Finance Asia Pacific at Sterling Commerce. For example, top five global banks such as JP Morgan, HSBC and Deutsche Bank tend to win major transactional deals because of their global reach. ...

BT beats Vanguard on tax: Aviva

... platform. Worth noting is that the ranking looks beyond the funds' after-tax return figure and risk profile. Instead, the top five funds were chosen based on which fund consistently ranked the highest across the five categories: franking levels, stock ...

Market wrap - morning

AAP  |  WEDNESDAY, 16 MAY 2007
Although the Dow Jones closed higher amid signs of stabilising inflation, the S&P 500 Index and the Nasdaq declined. The local market will will likely take a cue from the mostly stronger base metals overnight. At 0745 AEST on the Sydney Futures Exchange ...

Meritum gets its advisers online

CHRIS NICHOLLS  |  TUESDAY, 15 MAY 2007
... include RetireInvest, Guardian, Bongiornos, Consultum, Capstone, Millennium 3 and FSP. DMS is a subsidiary of InvestmentLink, a top provider of e-commerce solutions to the financial services industry.

Market wrap - morning

AAP  |  MONDAY, 14 MAY 2007
... 500 Index was up 14.38 points at 1,505.85. The Nasdaq Composite Index was up 28.48 points at 2,562.22. LONDON - Britain's top share index recovered from early losses to end higher, snapping a three-day losing streak, driven by acquisition talk and easing ...

Bumper year for wealth managers

The latest banking report by consulting firm KPMG has confirmed that the country's major banks enjoyed another record year in profits, with wealth management still the crowning jewel. According to KMPG's half year results performance survey, operating ...

Northern Trust wins Future Fund custody

... other related services to the $51 billion Future Fund. Set up more than 100 years ago, Northern Trust is considered one of the top custodians globally and was awarded the European Pension Fund Custodian of the Year by a UK publication for the fourth ...

Market wrap - morning

AAP  |  FRIDAY, 11 MAY 2007
... 21.11 points to 1,491.47. The Nasdaq Composite Index moved back 42.60 points to close at 2,533.74. LONDON - Britain's index of top 100 shares fell after interest rates were raised to their highest level in six years by the Bank of England. The fall came ...

Market wrap - morning

AAP  |  THURSDAY, 10 MAY 2007
... climbed 4.86 points to 1,512.58. The Nasdaq Composite Index rose 4.59 points to 2,576.34. LONDON - The FTSE 100 of Britain's top shares was flat at close with Rio Tinto making the greatest gains on takeover rumours. The subdued state of the market reflected ...

Grange Securities hires ex-Westpac property head

Grange Securities, the top rating fixed income business acquired by Lehman Brothers early this year, has appointed Richard Ash as its new head of real estate finance. Prior to joining Grange, Ash was the joint head of property - specialised capital ...