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Showing 651 - 660 of 3460 results for "Stake"

Priority Advisory Group, Wise Planners merge

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2023
... strengthened with this merger," he said. In recent transactions, AZ NGA acquired a 42% interest in Foster Raffan iPlan. It bought a stake in accounting and advice firm McLean Delmo Bentleys in February and SCM Financial Group last November. Commenting ...

AustralianSuper invests $2.5bn in Vantage Data Centers EMEA

ANDREW MCKEAN  |  TUESDAY, 12 SEP 2023
... partnered with digital infrastructure investment firm DigitalBridge Group to invest $2.5 billion for a "significant minority stake" in Vantage Data Centers' EMEA division. The deal is hoped to bolster Vantage EMEA's growth strategy, facilitating ...

Industry mega trends impacting distribution roles

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
Natixis Investment Managers has beefed up its distribution team as the asset manager prepares for rugged market conditions amidst dislocation driven by internalisation and increased specialisation. The doubling of the sales headcount marks one of Natixis' ...

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... offer for PAC at $10.77 per share. Notably, Regal owns 12% of PAC, while River Capital is the largest shareholder with a 19% stake. In another development, Magellan Financial Group announced the retirement of non-executive director Colette Garnsey, effective ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... capital, with backers including Leadenhall Capital Partners, Schroders Investment Managers and Daido Life which took a 14.9% stake pre-launch in June 2018. The group is adamant that there will be no changes for existing policyholders, adding that its ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
Hostplus and Maritime Super have finalised their merger, following a due diligence process that began with the signing of a successor funds transfer deed last December. The merger aims to scale up the capabilities of both superannuation funds, offering ...

Natixis IM eyes expansion with new retail AFSL

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... strategies and client-focused service to financial advisors and individual investors." In 2017, Natixis acquired a 51.9% majority stake in IML, its first acquisition in Australia, to expand its footprint in the local retail and superannuation markets. ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements. Canva was at the forefront ...

NZ Super Fund secures stake in Euroclear

CASSANDRA BALDINI  |  MONDAY, 4 SEP 2023
NZ Super Fund has acquired a 4.99% shareholding in Brussels-based Euroclear, a provider of essential financial markets infrastructure. With assets under custody totalling around €36 trillion and facilitating over €1 quadrillion in annual securities ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
... year. It made a $2.6 million loss after recording a $5.7 million after-tax profit in FY22. Over the year, it acquired a 20% stake in Euree Asset Management, and added Castle Corporate and Castle Legal to its professional services division. Sequoia made ...