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Showing 6861 - 6870 of 29074 results for "PRI"

Magellan performance fees dip 70%

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Magellan reported a small increase in its net profits, despite a 70% drop in performance fees and a stronger Australian dollar. Net profit after tax for the six months ending December 2020 was $202 million, up 3% from the same period in 2019. Total ...

Schroders appoints new chief executive

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
Schroders has appointed a new chief executive for Australia, who will report to APAC co-chief executive Chris Durack. Sam Hallinan will become chief executive for Australia, focusing exclusively on the region. He joins Schroders from Nikko Asset Management ...

Two ASI executives out the door

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
Aberdeen Standard Investments (ASI) has lost two of its executives with their roles being absorbed by the other team members. Former institutional director Andrew Heyden spent just shy of 15 years at ASI before departing the firm at the end of 2020. ...

Frontier on hiring spree

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
Frontier has flagged hiring appetite for senior consultant and research roles, as it announces eight new additions including a senior consultant from CitiBank. Jill Guan has joined Frontier as a senior consultant specialising in debt and currency. She ...

BetaShares to launch new fund

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The exchange-traded fund (ETF) provider is set to launch a cloud-computing ETF later this month as it continues to build out its technology offering. The BetaShares Cloud Computing ETF (CLDD) will invest in companies that have taken advantage of the ...

ASX profits slide, names chair

ANNABELLE DICKSON  |  THURSDAY, 11 FEB 2021
The Australian Securities Exchange (ASX) has recorded a fall in profit in its half-year results and has replaced its chair following the retirement of its incumbent. Net profit after tax dropped 3.4% to $241.8 million and net interest income down 39.5% ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
"The circulation of confidence is better than the circulation of money." - James Madison, 4th President of the USA (1809-1817) and Founding Father The Morrison government circulating more money which, according to the Budget Papers 2020-21, amounts ...

NAB hires new executive

ELIZA BAVIN  |  WEDNESDAY, 10 FEB 2021
Westpac's chief information officer has jumped ship to take up the same role at NAB. NAB told Industry Moves it has appointed Anastasia Cammaroto as chief information officer, personal banking, within the NAB technology and enterprise operations ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
The best financial interests duty reform has major loopholes and lacks guidance from regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according ...

CBA slashes profits, boosts dividends

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
Commonwealth Bank has rewarded shareholders with a generous dividend payout despite its latest results falling short of expectations. December 2020 half-year results show the bank's net-profit after tax dipped 21% to $4.9 billion on the prior corresponding ...