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Showing 651 - 660 of 6208 results for "SIX"

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... completion of Magellan's board renewal process, that began in November 2022. The board renewal aimed to assemble a board with six independent non-executive directors, alongside one executive director - Magellan's current chief executive and managing ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after Royal Assent. For the insurance and superannuation industries, it will apply 18 months after Royal Assent. A key ...

LGT seals abrdn wealth business deal

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
Six months after the sale was announced, LGT has officially taken on abrdn's discretionary funds management business in the UK and Jersey in exchange for about $275 million. Under the deal, originally reached in February, LGT Wealth Management has absorbed ...

IFM Investors appoints head of sustainable investment

CASSANDRA BALDINI  |  TUESDAY, 5 SEP 2023
... of principal and market engagement leader DC and individual wealth at Mercer, based in London. Before that, she spent over six years at JLT Employee Benefits in various senior roles including head of DC investment consulting. Most recently she worked ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... accounts (MDA) assets stood at $50.9 billion, remaining flat compared to the prior period. Funds under management grew 10% in the six months to June thanks to inflows worth $11 billion. Milliman practice leader for Australia Victor Huang attributed the ...

Super funds taking on the climate crisis

ANDREW MCKEAN  |  WEDNESDAY, 30 AUG 2023
... developing a comprehensive climate change roadmap. The roadmap, which recently concluded its initial three-year plan, outlines six key measures and over 40 initiatives aimed at responsible investing. Notably, Rest is setting its sights on achieving a ...

MA Financial strengthens lending business

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... open up to the idea of private credit, the group's continued focus on the asset class has certainly paid off. "Five or six years ago, I did a roadshow around Australia with our domestic distribution team titled 'What is private credit?' as ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
Despite its local assets under custody and administration plummeting by more than 60% in the past six months, HSBC is adamant it's not going anywhere. The most recent statistics to come out of the Australian Custodial Services Association (ACSA) show ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... scenario's expected losses by $1.5 billion. Stressed assets showed a margin increase to 1.16% of total exposures - a rise of six basis points since March 2023. This was consistent with the bank's credit impairment charges, which were 12 basis ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... from the previous year's 3.63 million. In comparison, male full-time employment figures rose by a more modest 3.1%, reaching six million.