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Activist investor hires distribution lead

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
... Southern Cross Media Group, Magellan Financial Group, COG Financial Services and oil and gas explorer Karoon Energy - all now facing pressure from the vocal shareholder. Sandon oversees about $220 million in assets.

Acenda hires from Hostplus

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
... head of new business and acquisition at Hostplus. Before joining Hostplus, Sammartino had a three-year stint at Rice Warner (now Deloitte) as a principal overseeing corporate growth. He was an inaugural member of the Industry Super Australia joint marketing ...

LGT Crestone promotes investment duo

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
... includes building and implementing a proprietary multi-asset risk factor framework (made in Australia for Australians) that now underpins our asset allocation process, bringing greater precision and insight to our investment strategy. "Navigating an ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ...

CareSuper to undertake cloud transformation

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... chief technology officer Simon Reiter said. "Cloud decisions must serve that mission - not just today, but five years from now. Macquarie Cloud Services stood out as a partner who could deliver both the technical transformation and the ongoing managed ...

Improved economy not a guarantee of business success

MATTHEW WAI  |  THURSDAY, 3 JUL 2025
... sentiment has since been "dialled back". "While confidence in the broader economy continues to grow, chief financial officers are now less assured about the outlook for their own businesses than at any point last year," Rumbens stated. "Few could have ...

Lack of confidence in US equities brings investors back home

MATTHEW WAI  |  THURSDAY, 3 JUL 2025
... report found that over one in eight online investors hold an investment account on behalf of their children - and up to 15% are now using AI tools for investing. "Whether investors are opening accounts for their children or exploring AI tools, they're ...

Banned director sentenced for running financial services firm

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
... fined $6000. He was permanently banned the following year, and ASIC then filed a contempt application in the Federal Court. Now, Fuoco has been convicted on 18 charges of contempt and sentenced to 12 months' imprisonment, with Justice Horan saying it ...

Evidentia assembles inaugural executive leadership team

ANDREW MCKEAN  |  TUESDAY, 1 JUL 2025
... "comprehensive and evolving suite of offerings," Evidentia said. Hugh Holden, formerly a principal for asset consulting at Evidentia, now heads private wealth, and is tasked with driving the firm's private separately managed account solutions and leading ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... your ability to meet community expectations for safety. I think that's certainly something we're definitely seeing now," she said. APRA head of operational resilience for transformation Mike Devine told the briefing that the "true test of CPS ...