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Showing 691 - 700 of 7285 results for "Record"

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ...

Global X hires new chief executive

KARREN VERGARA  |  MONDAY, 23 SEP 2024
... quantitative analyst at Westpac. Zaika said: "With over US$86 billion in assets under management globally and a strong track record of designing client-centric solutions, Global X is uniquely positioned to forge its leadership in Australia. I look forward ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
In August, Finder's Consumer Sentiment Tracker recorded the highest level of mortgage stress since it first began tracking in early 2019. More than two in five (42%) homeowners struggled to pay their home loan in August with an estimated 1.4 million ...

Muzinich & Co. partners to launch infrastructure debt strategy

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
... this transition," Tan added. "Our partnership with Orion3, supported by CKA, leverages deep expertise and a proven track record in private credit and real assets to offer investors a powerful opportunity to access and support the next phase of infrastructure ...

Managers struggle to secure positive net flows in FY24

ANDREW MCKEAN  |  THURSDAY, 12 SEP 2024
A minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Of the 158 investment managers tracked in the research house's managed funds database, only 62 saw net inflows, while 96 experienced ...

New global chiefs for abrdn, Schroders

KARREN VERGARA  |  WEDNESDAY, 11 SEP 2024
... leader of client focused, people centric businesses. He has a global perspective, a strategic growth mindset and a proven record of leadership." Schroders had £773.7 billion ($1.5tn) in AUM at the end of June.

VanEck to launch defence ETF

ANDREW MCKEAN  |  MONDAY, 9 SEP 2024
... Budget papers show that by 2033-34, defence spending will reach $100 billion (around 2.3% of GDP), up from last year's record $37 billion or 2% of GDP. VanEck chief executive and managing director Arian Neiron said, unfortunately, the world has changed ...

Westpac names new chief executive

MATTHEW WAI  |  MONDAY, 9 SEP 2024
... and had a 16-year tenure at Goldman Sachs prior to joining Westpac. Commenting, chair Steven Gregg noted Miller's proven record and significant understanding of the Australian market will help steer the group's growth. "Anthony is an exceptional leader. ...

Challenger goes for growth with State Street

JAMIE WILLIAMSON  |  THURSDAY, 5 SEP 2024
... investment management," Challenger managing director and chief executive Nick Hamilton said. "State Street has a strong track record of servicing investment managers and institutional clients. Their leading technical capability, platform investment ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... creation in white-collar private sector industries has essentially stalled, and business insolvencies have recently hit record highs." Household spending fell 0.2% detracting 0.1 percentage points from GDP growth. Meanwhile, total investment fell 0.1% ...