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Showing 51 - 60 of 351 results for "AGI"

Macquarie AM spins off real estate manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
Macquarie Asset Management (MAM) is launching Manova Partners, a new real estate investment manager. Manova will be spun off from MAM's existing activities in core/core plus real estate business, which currently has €11.4 billion ($18.7bn) of ...

Investors brace for turbulence as Biden backs out

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
Investors are preparing for some market turbulence in the US after President Joe Biden pulled out of the race for President against Donald Trump. American Century chief investment officer Rich Weiss said Biden's decision to withdraw as the Democratic ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
KPMG specialists say disruptive technologies, particularly generative AI, and the imperative to automate, are exposing financial services executives to unprecedented vulnerabilities. In Australia, KPMG partner Matt O'Keefe noted that heightened customer ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. The net proceeds ...

Asset managers prioritising product quality: Northern Trust

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
Investment managers are focused on the quality and accuracy of their products to enhance the investor experience and growing their distribution in the next two years, according to a recent survey of 300 global asset management firms conducted by WBR ...

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF). Australia's budget balance was -0.9% of GDP in 2023, surpassing ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
AMP's top brass continues to see their remuneration packages shrink as it becomes a "leaner" business, its recent annual general meeting (AGM) heard. AMP outgoing chair Debra Hazelton told the AGM last week that director fees from 2019 have reduced ...

Allianz Retire+ names wealth management distribution chief

KARREN VERGARA  |  MONDAY, 25 MAR 2024
Allianz Retire+ has appointed Brendon Rodda to the role of chief distribution officer for wealth management. Rodda most recently oversaw the global wealth management distribution strategy at PIMCO as executive vice president. Allianz and PIMCO joined ...

MLC Life Insurance hires from Cbus

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
MLC Life Insurance has appointed Mirella Robinson to the newly created role of chief technology officer. Robinson, who brings 20 years' experience to the role, most recently served as chief information and technology officer at Cbus. Prior to Cbus ...

Platforms ramp up innovation, back-end efficiencies

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Platform providers' ability to innovate and improve administrative efficiencies are enabling financial advisers to digitally self-serve and improve client outcomes, according to SuitabilityHub. The 2024 platform market wrap found that the move to digital ...