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Showing 651 - 660 of 10109 results for "Financial services"

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
A former financial services director, who dishonestly obtained near $1 million by tricking his clients into investing into a "test" trading platform, has had his sentence handed down. Mark Francis McCabe was sentenced to four years and three months' ...

Bell Asset Management names head of retail sales

MATTHEW WAI  |  WEDNESDAY, 21 MAY 2025
... its high-conviction small- and mid-cap offering, it said. Stewart brings more than 25 years of experience in financial services to the fold. He was most recently head of distribution at Allianz Retire+, and has held various executive roles across AUSIEX ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... February 2024, the Federal Court found that from March to November 2022, Block Earner engaged in unlicensed financial services conduct when offering its Earner product. The Federal Court dismissed ASIC's allegations that Block Earner's variable-yield ...

Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... transition. "Richard is a globally experienced chief executive and director with over 30 years' experience in the financial services industry," the board said. "His most recent executive role was as group chief executive of Challenger Limited, as ...

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... betrayed his clients' trust. "Instead of showing the honesty and integrity required of someone who works in the financial services sector, Mr Valvo's actions betrayed the trust of his clients and caused them financial harm," Court said. "This sentence ...

State insurer names new CIO as government review looms

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... chief executive between December 2023 and April 2024. Before joining the fund Steed had a 25-year career in financial services and banking, including various executive and general management roles with AMP, ANZ and ASB Bank. NZ Super chief executive ...

Global X snaps up executive from AMP's North platform

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... addition to eight years providing wealth advice as a financial planner. Global X noted his extensive experience in financial services, relationship management and strategic execution. "Knight brings a core strength in developing culture, leading within ...

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
... Australia's top advice associations are eagerly anticipating meaningful and swift changes to take place under new financial services minister Daniel Mulino, optimistic that critical reforms in the Compensation Scheme of Last Resort (CSLR) and Delivering ...

Macquarie raked over the coals again by ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 MAY 2025
... 2022 and March 2023. ASIC chair Joe Longo claimed that Macquarie's alleged blunders possibly led to the financial services industry "relying on misleading and false information" for over a decade. Macquarie stands accused by ASIC of misreporting ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... the Office of the Australian Information Commissioner (OAIC) rose 25% in 2024; 54 or 9% of which occurred at financial services organisations. New statistics from the OAIC show there was a total of 1113 notifications received about data breaches in the ...