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Showing 7261 - 7270 of 29076 results for "PRI"

AMP valued at $1.85 per share

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
AMP has announced the takeover proposal from Ares Management was at an implied value of $1.85 a share, totaling around $6.35 billion. The offer, disclosed by AMP to the ASX on Friday, is at a 20% premium to the company's most recent closing price ...

CFS Investments chair to retire

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
The chair of Commonwealth Bank's Colonial First State Investments and Avanteos Investments will retire at the end of year. Anne Ward will finish up her eight-year term as non-executive director and chair at the end of December 2020. The group is ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
Westpac has agreed to settle two separate class actions relating to anti-money laundering breaches and rate rigging initiated in the US for undisclosed amounts. The bank settled the action filed by Rosen Law Firm relating to its failure to monitor financial ...

VFMC hires State Super investments chief

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
The chief investment officer of the $43 billion State Super has left the role for a new one at the Victoria Funds Management Corporation. Gary Gabriel joined the VFMC investment team on October 26 as its head of the portfolio management. He will lead ...

Westpac extends chief executive's contract

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
The board of Westpac has amended chief executive Peter King's employment contract, removing the initial two-year term. King confirmed he has committed to a multi-year plan to turn the company around. His other contract terms remain unchanged. Chair ...

ING announces head of wealth, chief executive

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
ING Australia has appointed BT's former head of platforms as its head of wealth and has promoted its head of retail bank to chief executive. New head of wealth Dina Kotsopoulos was with BT for nearly 15 years and was appointed head of platforms ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
The US has reversed its biggest economic contraction in history with the sharpest recovery on record. The US Bureau of Economic Analysis (BEA) reported that the country's GDP increased at annualised rate of 33.1% in the September 2020 quarter following ...

Ares bids for AMP

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
AMP has confirmed Ares Management has made an offer to takeover 100% of AMP shares. AMP announced to the ASX that it has received an indicative, non-binding, conditional proposal from US-based Ares Management. The offer is to acquire 100% of the shares ...

Link rejects revised offer

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
Link Group has rejected another offer made by the consortium which increased its bid to $5.40. The consortium led by Pacific Equity Partners and Carlyle Group increased its offer price on October 26. After careful consideration, Link rejected the offer ...

T. Rowe Price adds to intermediary team

ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
T. Rowe Price has expanded its Australian Intermediary team, appointing a new relationship manager for Victoria and Tasmania. Amie Boscacci has been appointed to the position from Macquarie Bank where she was a business development manager in its wealth ...