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Showing 681 - 690 of 17118 results for "Billion"

Former Income Asset Management staffer embezzles $1.5m

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
... (TAL), a trustee business that provides responsible entity, custody and trustee services internally. It has more than $2.6 billion in funds under administration. Recently, the group sold its loss-making deposit broking assets to PCT. "Client asset holdings ...

Australian Retirement Trust chief executive steps down

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
... is stepping down as chief executive of Australian Retirement Trust (ART), with Kathy Vincent to replace him. The $330 billion super fund said Anderson notified the ART board of his intention to resign, just 18 months after joining. Vincent currently ...

Platinum shareholders greenlight L1 Capital merger

KARREN VERGARA  |  TUESDAY, 23 SEP 2025
Platinum Asset Management shareholders have unanimously voted in favour of merging with L1 Capital to create a $16.5 billion entity. Some 99% of shareholders gave their tick of approval at the extraordinary general meeting (EGM) yesterday. This means ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... Group, Kradle Software. Hodgson and MacroLend made a misleading claim that Kradle Software held intangible assets of $1.02 billion. However, the balance sheet of Kradle Software recorded intangible assets of only $11,180. The court found Hodgson's valuation ...

Unprecedented US M&As a boon for Australia: BGA

KARREN VERGARA  |  MONDAY, 22 SEP 2025
... markets," she said. One good example is Corient, which was previously known as CI Financial and is poised to boast US$430 billion in AUM. "A few weeks ago, it became the world's largest non-bank wealth manager with the acquisition of two of the largest ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... co-branded basis to align seamlessly with our clients' brand and investor engagement strategies." MSC Group oversees $32 billion in funds under appointment, supporting over 260 corporate clients across more than 530 service appointments.

LGT Crestone unveils rebrand

ELIZA BAVIN  |  MONDAY, 22 SEP 2025
... solutions. This includes the June 2025 acquisition of Commonwealth Bank's high-net-worth advice business, which added $5 billion in assets.

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
ASIC has released the interim report from its review into the nation's $200 billion private credit market, which it says could pose a systemic risk to many investors if a downturn were to occur. The review has so far found that while most investors ...

Platinum pushes for L1 Capital merger ahead of EGM

RIDDHIMA TALWANI  |  FRIDAY, 19 SEP 2025
... Platinum said it earned "negligible" performance fees for the year and average funds under management came in at $10.8 billion, a drop of 29.4% from $15.3 billion. After the merger, Platinum would be rebranded to L1 Group and would remain listed on the ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... income returns and there are conditions around withdrawals." According to Rainmaker data, the 12 Month Account has over $11 billion in funds under management, while the 2 Year Account has about $148 million. In a statement on the ASX, La Trobe Financial ...