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Showing 51 - 60 of 230 results for "Separation"

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... to KKR. The sale was completed last December and resulted in a post-tax gain of $840 million (net of transaction and separation costs). The profit results said: "Post-tax transaction and separation costs of $47 million and $137 million were recognised ...

AUSIEX chief executive retires

CHLOE WALKER  |  FRIDAY, 29 JUL 2022
... Kawanami thanked Blewitt for the "significant contribution he has made to AUSIEX", particularly in managing the business separation from CBA over the past 12 months. "He has successfully led AUSIEX through a period of enormous change together with the ...

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
... the products employment, Westpac said. The transfer will result in a small loss as a result of the transaction and separation costs, expected to total about $80 million. However, Westpac has also agreed to sell Advance Asset Management to Mercer, which ...

AMP completes GEFI sale to Macquarie

CHLOE WALKER  |  MONDAY, 28 MAR 2022
... Capital chief executive Shawn Johnson said the completion of the transaction is a key milestone in AMP Capital's separation from AMP and preparation for a demerger, creating Collimate Capital. "Our teams have been actively working to ensure a smooth ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... troubles at the executive level with Brett Cairns resigning as chief executive and chair Hamish Douglass announcing the separation from his wife Alexandra Douglass and then taking an indefinite leave of absence. In another blow, Magellan's Global ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... finalising the demerger and listing on the ASX by the end of the year. On the demerger, George commented: "Operational separation is now complete, including the transfer of the multi-asset group investment team into Australian wealth management, and ...

AMP Capital unveils new name

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... Capital will become Collimate Capital ahead of its slated ASX listing in the second half of the year. Cementing its separation from parent company AMP, AMP Capital chief executive Shawn Johnson said today's announcement is a testament to ongoing progress ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... executive Brett Cairns resigned for personal reason, while Douglass had to appease shareholders worried about what the separation from his wife Alexandra Douglass meant for the company's shareholding. MFG shares reached as high a $73.67 in February ...

AMP divests infrastructure debt platform

ELIZABETH MCARTHUR  |  TUESDAY, 4 JAN 2022
... transaction and are committed to ensuring clients' interests are protected," Johnson added. "We are working through a swift separation and transition to minimise disruption for clients and our demerger process." On completion, AMP's entire infrastructure ...

AMP advances demerger

KARREN VERGARA  |  TUESDAY, 30 NOV 2021
... for a strong future." PrivateMarketsCo chief executive Shawn Johnson commented: "We have made strong progress on key separation milestones, with the PrivateMarketsCo leadership team in place and the appointment of a respected Chairman designate in Patrick ...