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Showing 681 - 690 of 1509 results for Andrew McKean

BlackRock to cull 3% of global workforce

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
BlackRock is laying off around 3% of its global workforce to best position itself for a "new environment," chief executive Larry Fink and president Rob Kapito announced in a memo sent to staff on January 9. "As we prepare for 2024 and this very exciting ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

Macquarie Wrap rolls out new features for advisers

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
Macquarie introduced new digital features and security enhancements on Macquarie Wrap, including account-level performance reporting and a live chat function in Adviser Online. The platform's updated account-level performance reporting functionality ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
Zurich Australia has been cleared of breaching its duty of utmost good faith by the Federal Court, in a case connected to OnePath Life's avoidance of an income protection policy. The case marks ASIC's first attempt to impose a civil penalty under s13 ...

First Nations Groups launch scholarship for Indigenous women in financial services

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
First Nations Economics and First Nations Foundation, two Indigenous organisations dedicated to economic empowerment, have launched a $120,000 scholarship program targeted at women studying finance and business. The Leah Armstrong Scholarship will grant ...

Former director sentenced to over four years imprisonment

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
Mudasir Mohammed Naseeruddin has been sentenced to four years and four months in prison following his guilty plea to charges of dishonest conduct and failure to discharge duties in good faith. Naseeruddin goaded investors to rollover their superannuation ...

Frontier Advisors to choreograph The Australian Ballet endowment

ANDREW MCKEAN  |  WEDNESDAY, 20 DEC 2023
... welcome The Australian Ballet into our growing emerging institutional client base," said Frontier Advisors chief executive Andrew Polson. "We take great pride in partnering with The Australian Ballet, an iconic institution that has enriched our nation ...

IG appoints institutional sales manager

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
IG Prime, the institutional branch of the trading platform, has appointed Andrew Wood as its institutional sales manager. Wood most recently served for seven years as the head of institutional sales APAC at CMC Markets, based in Sydney. He developed ...

Prime Super appoints new custodian

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Prime Super has appointed Citi Securities Services as its new custodian after a seven-month search, breaking ties with NAB Asset Servicing (NAS) as it plans its exit. The $6.7 billion industry fund's decision to award the new mandate to Citi Securities ...

Industry funds gear up for brand transformation post-merger

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
Mine Super and TWUSUPER, expected to finalise their merger by mid-2024, will unite under a new name - Team Super. Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said the name Team Super not only honours the combined industry heritage ...