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Market Wrap

AAP  |  TUESDAY, 16 JUL 2013
... whether the RBA is likely to cut the cash rate in August. Treasury Wine Estates shares continued to dive following the company's announcement on Monday that it would take a $160 million hit as a result of a glut in its US wine stocks. It shares were ...

Former ANZ, UBS exec to head new Bennelong division

MARK SMITH  |  MONDAY, 15 JUL 2013
... As head of wealth management and advisory, Rowland will run the new division as well as The Bennelong Foundation, the company's philanthropic arm. She joins Bennelong following 12 years in senior executive roles with ANZ, UBS and JBWere after working ...

US delays tax avoidance law by 6 months

MARK SMITH  |  MONDAY, 15 JUL 2013
... the globe," said Treasury deputy assistant secretary for international tax affairs Robert Stack. The US-based Investment Company Institute (ICI) welcomed the move. "This six-month delay will provide funds with significant additional time to implement ...

LGS takes stand on Bangladesh, gains MySuper licence

ALEX DUNNIN, JAMES FERNYHOUGH  |  THURSDAY, 11 JUL 2013
... said. Since the 1990s, he said Nike has developed some of the most thorough auditing standards in the world. "And yet the company's brand still has a stench around this area." The devil's advocate may point out that despite this Nike is still by far ...

Former Deutsche AM CEO joins Brookvine

JAMES FERNYHOUGH  |  WEDNESDAY, 10 JUL 2013
... Brookvine: "They're a great group of people, we have really interesting strategies to discuss with investors and I believe the company is poised for strong growth." O'Brien's appointment comes after that of Natalie Hall, who was promoted to client services ...

ASIC winds up insolvent derivatives issuer

MARK SMITH  |  TUESDAY, 9 JUL 2013
... contracts for difference (CFD) derivatives via its website. ASIC issued a Court application on 28 May 2013 seeking the company be wound up because it was advertising through its website that it had an Australian Financial Services (AFS) licence, when ...

Former Hyperion boss Dr Manny Pohl launches mid cap fund

MARK SMITH  |  TUESDAY, 9 JUL 2013
... Trustees is the Responsible Entity for the fund. Pohl continues to manage Flagship Investments, an ASX listed investment company he launched in 1998, as well as portfolios for a number of wholesale clients.

Fresh-faced Altair attracts ING and AMP talent

JAMES FERNYHOUGH  |  MONDAY, 8 JUL 2013
... Daniel. This greatly enhances our research process, because access to market participants is crucial to understanding a company's true value," Parker said. The appointments follow that of chief economic adviser Stephen Roberts, who was most recently ...

Parametric appoints new Australian CEO

MARK SMITH  |  MONDAY, 8 JUL 2013
... been appointed as operations supervisor. She will relocate to Sydney from Seattle to aid with the introduction of the company's suite of services into the Australian market. The company will continue to grow its Australian team by seeking to replace ...

Kenyon Partners to get new name by October

LAURA MILLAN  |  MONDAY, 8 JUL 2013
Kenyon Partners is set to rename its business in October, the company's chief executive Paul Tynan has confirmed. Kenyon Partners has submitted four names to the Australian Securities and Investments Committee (ASIC), and will most likely change its ...