Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 228 results for "operational risk"

Perpetual appoints demerger specialist

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... similar role, he managed the exit and transfer of trustee duties for multiple investments and carried out the operational risk review of the business. He also worked at NAB Asset Management, J.P. Morgan and several boutique hedge funds. Song began his ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... cultural and/or governance failures observed by APRA, including "significant and persistent weaknesses" in its operational risk management framework, as well as concerns related to insurance administration and outsourcing. Cbus will engage independent ...

Super moves: ART, QIC, Rest, CareSuper

ELIZABETH FRY  |  THURSDAY, 23 JAN 2025
... portfolio construction and strategy, private markets and listed assets teams. He was appointed senior manager of operational risk and compliance in the investment management team two years ago after being hired from Deloitte. Foo was a director at Deloitte ...

Netwealth, Praemium see inflows soar

ELIZA BAVIN  |  THURSDAY, 23 JAN 2025
... documents. There will be an introduction of a $300 annual cap per account for the Netwealth Super Accelerator on the operational risk financial requirement cost. Netwealth said the move will reduce costs for certain members, with a negligible impact ...

Prime Super refreshes executive lineup

ELIZABETH FRY  |  FRIDAY, 29 NOV 2024
... manager of operations after joining Prime Super as a risk manager three years ago. He was promoted to head of operational risk and governance two years later. Ning Yang has been promoted to general manager of finance. She arrived in 2018 as the finance ...

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2024
... mitigating any key risks. "Consolidating our systems into one administration platform will reduce complexity and operational risk while enhancing the support we provide to our members." Meantime, Novigi chief executive Ash Priest said the group is proud ...

ASX appoints interim chief risk officer

MATTHEW WAI  |  MONDAY, 18 NOV 2024
... She brings deep skills and experience across all risk management asset classes and has a strong background in operational risk within the financial services sector." "This appointment will support our ongoing work to strengthen and improve risk culture ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... stress between super funds and banks, and how their response impacts asset markets." McCarthy Hockey said an operational risk component will be added to the scenario to further the dislocation caused by the market disruption. She added that the test ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
Following consultation, APRA has lowered the minimum operational risk financial requirement (ORFR) target amounts for larger superannuation funds. At present, all superannuation funds are expected to keep a minimum of 0.25% of funds under management ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... compliance, operational due diligence skills, product skills, IT risk skills, GRC implementation experience or operational risk consolidations of business operations within funds... a super fund will have insurance, wealth products, financial advice ...