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Showing 721 - 730 of 5153 results for "Rest"

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

HNW population sees biggest decline in decade

CHLOE WALKER  |  WEDNESDAY, 7 JUN 2023
The global high-net-worth (HNW) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to $124.3 trillion, according to Capgemini's latest World Wealth Report. This drop, stated by the report, is the steepest ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
The Securities and Exchange Commission is suing the world's largest crypto exchange and its chief executive Changpeng Zhao for allegedly lying to regulators and mishandling billions of investor dollars. Binance Holdings, BAM Trading Services, BAM Management ...

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
The Australian Securities Exchange (ASX) is confident that it can restore stakeholders' trust and get its fundamentals and governance right as it lays out a five-year plan to rectify ongoing issues. ASX managing director and chief executive Helen ...

Quality stocks outperform on average: Bell AM

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... compound earnings quite nicely. They're not going to grow 30% but the earnings of those companies should outperform the rest of the market." Further, he uses the example of quality companies in the luxury space. "If you look at Hermès or LVMH, those ...

Frontier overhauls research function

ELIZABETH FRY  |  FRIDAY, 2 JUN 2023
Frontier Advisors is restructuring its research team in a way that will see Andrew Kemp become head of defensive assets and private markets. While technically not a promotion, the overhaul widens Kemp's remit and gives him added responsibilities. ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
Reflecting on the board's decision to increase the cash rate by 25 basis points to 3.85% last month, Reserve Bank of Australia (RBA) governor Philip Lowe says so far, the strategy is working. Lowe told the Senate economics committee this morning that ...

Hejaz backs local Islamic bank

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2023
Hejaz Group has injected $10 million into Islamic Bank Australia as its chief executive takes up a directorship at the latter. The fledgling Islamic Bank Australia, which is currently operating under a restricted ADI, is due to launch some time in 2023-24. ...

AMP restructures wealth management, chief exits

KARREN VERGARA  |  MONDAY, 29 MAY 2023
AMP has made the chief executive role of its local wealth management business redundant as it restructures to a new operating model. Australian Wealth Management (AWM) will see chief Scott Hartley exit by the end of the year. "With the recent [AMP Capital] ...

Rest extends Link partnership

JAMIE WILLIAMSON  |  FRIDAY, 26 MAY 2023
Link Group has officially renewed its mandate with Rest, with the industry fund signing on for another five years. In February, the administrator flagged it was in discussions with Rest and a renewal was likely. Today, it's confirmed a new contract ...