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Showing 631 - 640 of 3425 results for commonwealth bank

CommSec responds to sale rumours

ELIZABETH MCARTHUR  |  TUESDAY, 17 SEP 2019
... Minnett was asked to tender for the business along with a handful of wealth managers including Morgan Stanley. Commonwealth Bank responded to Financial Standard's enquiry, with a spokesperson saying: "We are currently reviewing a number of options for ...

CFSGAM picks new name, updates on CBA separation

KANIKA SOOD  |  MONDAY, 16 SEP 2019
... distinguish itself from Colonial First State and will gradually be executed overseas. The offices have moved from Commonwealth Bank's Darling Park premises to Tower Three in Barangaroo. CFSGAM has $223 billion in assets under management across long-only ...

AMP hires head of whistleblowing

ELIZABETH MCARTHUR  |  MONDAY, 2 SEP 2019
... $100 million into its governance, risk and controls. Anne-Marie Paterson steps into the role, joining AMP from Commonwealth Bank where she was the executive manager and whistleblower investigation officer. Prior to joining Commonwealth Bank, Paterson ...

CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
CountPlus' acquisition of Count Financial from the Commonwealth Bank has been completed for a fee of $2.5 million - and CountPlus is confident its new business will return a first year profit. CountPlus acquired 85% of Count Financial with the 15% balance ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
... difficult for retirees to live off the income from cash and fixed income" given current 1% RBA cash rates and 10-year Commonwealth Government Bonds trading at a yield below 1%. "Given the recent election result, retirees can continue to bank on receiving ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... additional capital requirement is the fifth applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following ...

Super fund GM resigns

JAMIE WILLIAMSON  |  TUESDAY, 13 AUG 2019
... Lumley Life (since acquired by TAL) in 1987. Over the years, Salloum has held roles with Perpetual, AUSMAQ, Commonwealth Bank and ANZ Wealth. Daly said Salloum can be rightly proud of his contribution to the industry and wished him all the best in retirement. ...

Future Fund voted down Pinnacle equity grants

KANIKA SOOD  |  TUESDAY, 13 AUG 2019
... Andrew Thorburn at NAB's 19 December 2018 meeting and supported equity grants to ANZ chief Shayne Elliott, Commonwealth Bank chief Matt Comyn and Westpac chief Brian Hartzer. However it voted against Westpac's remuneration report. At AMP, it ...

CFS trims corporate super distribution team

KANIKA SOOD  |  MONDAY, 12 AUG 2019
... compared to the median workplace MySuper product's 8.9% return for the period, according to Rainmaker data. Commonwealth Bank's annual results announced last week showed that wealth management, which is made up of superannuation, investment, retirement ...