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Showing 641 - 650 of 6679 results for "Sale"

Insignia Financial promotes two key staffers

ELIZABETH FRY  |  MONDAY, 4 SEP 2023
... average funds under management and advice and repricing. Bottom line earnings were $51 million, up 39%, on gains made from the sale of Australian Executor Trustees to Equity Trustees.

Strategic reset delivers for Count

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... million had been offered and $424.5 million had been paid. This is payable by Commonwealth Bank as part of the Count Financial sale agreement, with the timeframe for notification of any further indemnified conduct to end on October 1. "Count delivered ...

Barings expands APAC team

CHLOE WALKER  |  TUESDAY, 29 AUG 2023
The global investment manager has appointed Aaron Thirukumar and Sabrina Kwek to the position of director for institutional sales and senior director for wealth distribution, respectively. In their new roles, Thirukumar and Kwek will be responsible ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... would have worsened if it had not sold its 10% interest in PEXA during the period in return for a gain of $406.8 million. The sale of the Banking and Credit Management unit generated $120.1 million of revenue in FY23, down 8.7% year on year. Its sale ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
Legacy issues and ongoing structural changes continue to plague E&P Financial Group as it looks for better performance under the new chief executive in FY2024. The ASX-listed firm reported sinking revenues and profits in the last financial year of $167.1 ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
ClearView's decision to target the life insurance market solely is paying off as it grows its in-force premiums during the 2023 financial year and new business pours in. ClearView's new business sales was driven solely by its ClearChoice products suite ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... 2018, the portfolio review culminated in AMP selling its aforementioned businesses to Resolution Life for $3 billion. The sale comprised $2.5 billion in cash and a $500 million equity interest in Resolution Life, equivalent to a 19.3% stake. The board ...

Zenith chief exits, names successor

KARREN VERGARA  |  MONDAY, 21 AUG 2023
The chief executive of Zenith Investment Partners will step down as the firm's chief operating officer assumes the top job. David Wright vacates the role of chief executive at the end of the year but remains at Zenith to take on a newly created ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... half-year results today, Iress announced it will offload the MFA business to SS&C Technologies for $52 million. Proceeds from the sale will be used to pay down debt, with platform divestment a key part of Iress' refreshed strategy, originally announced ...

Netwealth gears up to relaunch Core, market share expands

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
Netwealth will relaunch its Core offering in September, aiming to grow its footprint in the mass affluent and emerging affluent segments, driving new revenues and boosting net inflows. The wealth management company today reported a record funds under ...