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ASFA, JANA release draft guidance on operational due diligence

MATTHEW WAI  |  THURSDAY, 26 JUN 2025
The Association of Superannuation Funds of Australia (ASFA) and asset consultant JANA have released a draft guidance note on investment management operational due diligence ahead of Prudential Standard CPS 230 Operational Risk Management. Shaped through ...

Uncertainty propels investors towards active managers

MATTHEW WAI  |  WEDNESDAY, 25 JUN 2025
Australian investors are looking to engage with active managers to navigate the heightened geopolitical volatility, according to a new survey. The Schroders Global Investor Insights Survey 2025, which covers nearly 1000 institutional investors and wealth ...

Australia's largest real estate fundie pulls ahead of the pack

ANDREW MCKEAN  |  TUESDAY, 24 JUN 2025
Australia's largest real estate fund manager has widened its lead over competitors in the past year, according to a new industry survey. Charter Hall cemented its spot at the summit, continuing its reign as the nation's largest real estate manager with ...

Shaw and Partners splashes $63m for New Zealand expansion

MATTHEW WAI  |  TUESDAY, 24 JUN 2025
Shaw and Partners Financial Services, a subsidiary of EFG International, has acquired a 75% stake in Auckland-based Investment Services Group (ISG) for NZ$67.5 million ($62.5m). The move brings Shaw and Partners Financial Services' assets under advice ...

Life insurer chief executives step down, successor named

MATTHEW WAI  |  TUESDAY, 24 JUN 2025
Acenda Group is set to welcome a group chief executive, as Kent Griffin and Tim Tez announce their departures. Former Westpac executive Chris de Bruin has been appointed chief executive of Acenda Group, subject to regulatory approvals of the merger ...

ASIC calls on AFS licensees to 'step up'

ELIZA BAVIN  |  TUESDAY, 24 JUN 2025
The Australian Securities and Investments Commission (ASIC) has issued a warning about share sale fraud after a spike in reports of stolen shares due to identify theft. ASIC said it has conducted an industry review and provided updated guidance for ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
Global markets are preparing for potential fallout after the US conducted strikes with B-2 Stealth Bombers on three Iranian nuclear sites over the weekend and has since claimed the attacks "obliterated" Iran's nuclear capabilities. IG market analyst ...

Productivity woes endure in March quarter

ANDREW MCKEAN  |  FRIDAY, 20 JUN 2025
Productivity, a concept treasurer Jim Chalmers recently described as too often seen as "cold" and "almost soulless," despite it being, as he also noted, the best way to improve people's lives over time, was stagnant in the March quarter and declined ...

Australia progresses climate transition disclosures, planning

KARREN VERGARA  |  FRIDAY, 20 JUN 2025
Australia is showing progress with disclosing and adopting its clean energy transition initiatives as investors' demand for credible emissions reduction strategies grows, a study from MSCI shows. Among listed Australian companies analysed in the APAC ...

Acenda Group assembles board of directors

MATTHEW WAI  |  FRIDAY, 20 JUN 2025
Four independent non-executive directors have been named to the board of what will be known as the Acenda Group, following the merger with Resolution Life Australasia. Catherine Dubé, David Stephen, Melissa Babbage and Rosheen Garnon will become independent ...