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Showing 51 - 60 of 3538 results for "administration"

NGS Super finds new administrator

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... Mercer, which has been providing its services for 14 years. Following a review of the $14 billion super fund's administration operating model in February 2023, NGS Super chose G​ROW Inc ​(GROW)​​, hoping the new partnership will deliver efficiencies ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
Praemium's platform dedicated to the high-net-worth segment, Powerwrap, has lost $334 million in funds under administration (FUA) after a small number of financial advisers switched advice groups. The ASX-listed firm said the exit of advisers in the ...

Commonwealth Super Corp reworks admin fees

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2024
Commonwealth Superannuation Corporation (CSC) is changing the structure of its administration fees across ADF Super, the Public Sector Superannuation accumulation plan (PSSap) and CSC retirement income (CSCri). From March 1, members across these divisions ...

SimCorp names new country manager for Australia

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... as access to continuous innovation," Cotroneo said. In 2022, SimCorp and Challenger launched Artega Investment Administration, a joint venture leveraging the former's technology for investment management services, covering front, middle, and back-office ...

HUB24 sets sights on $100bn FUA

KARREN VERGARA  |  TUESDAY, 16 JAN 2024
HUB24 is confident that it is on track to reach a $100 billion funds under administration milestone in 2025. In a quarterly update released this morning, the investments platform announced it hit $91.2 billion at the end of December 2023, up 25% year ...

Stake names new chief executive

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
... as chief executive following Insignia Financials' takeover. The platform has some $2.9 billion in assets under administration and is backed by major investors such as Tiger Global and DST Global. Commenting on his move, Leibowitz said that given the ...

ASIC permanently bans adviser who stole client funds

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2024
... financial product or service. At the time, he was the director of Veridian Securities and Veridian Markets, now in administration. He was also found to have continued to provide services through Veridian Markets after its AFSL authorisation was revoked. ...

Citi broadens custody offering

ANDREW MCKEAN  |  MONDAY, 18 DEC 2023
... Australian business," England said. Citi Securities Services has approximately US$27.1 trillion of assets under custody, administration, and trust worldwide.

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... officer and business head of MUFG investor services, said The Trust Bank is "one of the largest pension and stock administration providers in Japan and we look forward to jointly growing in this space". "Also, we truly believe that the acquisition of ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... $2.7 billion as of 30 June 2022. Meanwhile, Centric Super has just shy of 1000 accounts and $9 billion funds under administration. 4) Industry fund merger advances (April 21) In April, Mine Super and TWUSUPER signed a Heads of Agreement to merge, about ...