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Rewarding wishful thinking

BENJAMIN ONG  |  THURSDAY, 6 OCT 2011
... prepared to present their national backstops against banking crises, adding that the discussion needed to be revisited at their next meeting." That's European for "shared view" for you. The problem is financial markets discourage concrete, concerted ...

UBS retains OptiMix as it closes ING IM deal

MATT WOODINGTON  |  WEDNESDAY, 5 OCT 2011
... would stay in place. "Effectively we own the structure and ANZ owns the money. I couldn't say definitively what will happen next year but that is certainly how it's been set up for now," said the spokesperson. There will be more clarity around the exact ...

Snowball chief announces exit plans

ELISE BURGESS  |  WEDNESDAY, 5 OCT 2011
... (Group) for the Future of Financial Advice reforms. Eric Dodd, chair of Snowball, said McDonald is scheduled to leave on Oct 4 next year but that the Group will "continue to benefit from McDonald's experience of combining several businesses under the ...

Macq seals landmark $8.7bn admin deal with Perpetual

ELISE BURGESS  |  WEDNESDAY, 5 OCT 2011
... Perpetual private wealth advisers already used the PACT platform, which will be open to the market when the offering is complete next year. "This is the largest platform partnering ever in Australia," said Lloyd. New adviser-centric features are being ...

Market Wrap - Midday

AAP  |  TUESDAY, 4 OCT 2011
... main thing they'll be looking at is the commentary afterwards to try to decipher anything from what they say into what their next move will be." Mr Elgar said he did not expect the market to close more than two per cent lower on Tuesday. All sectors ...

Bear killer

BENJAMIN ONG  |  TUESDAY, 4 OCT 2011
... nations who "have fiscal space available" to "explore it" in order to boost growth. But back to the point, Greece can kiss the next a,-8 billion worth of alms goodbye for now. Yes, for now. Despite Germany's insistence on the compliance-for-alms deal ...

BlackRock appoints ING Asian fixed income head

MATT WOODINGTON  |  FRIDAY, 30 SEP 2011
... said Peter Fisher, senior managing director and head of fixed income portfolio management group, BlackRock. "As we enter the next phase of growth in the region, Joel's proven record and experience as a successful fixed income investor in Asia will help ...

Second generation platform consolidation push

ELISE BURGESS  |  FRIDAY, 30 SEP 2011
... industry trends driving Europe and Australia are highly comparable, according to software provider, Bravura Solutions, with next generational platform and wrap models across the wealth management industry now being forced to update to survive. The Cooper ...

Some hope

BENJAMIN ONG  |  FRIDAY, 30 SEP 2011
... must have saved quite a handsome amount. But all will be revealed on 13 October - D-day as to whether Greece will get its next tranche -- worth a,-440 billion - of rescue money. And you thought all's done and dusted, 'ey? No siree, not yet. Expect continued ...

Market Wrap - Morning

AAP  |  THURSDAY, 29 SEP 2011
... audit vital to the release of rescue funds from the first bailout loan to Greece. Athens has warned it will run out of money next month unless it receives the rescue funds. A key contributor to the rescue, Germany, was meanwhile scheduled to vote on ...