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Showing 721 - 730 of 10361 results for "Trust"

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... Australia while unregistered for more than six years. ASIC deputy chair Sarah Court said: "This type of misconduct undermines trust and confidence in Australia's financial services." "Firms dealing in financial products have an obligation to be licensed ...

Diversa winds up struggling super fund

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
Diversa is closing one of its superannuation funds following a rapid decline in member accounts and funds under management. The Personal Choice Private Fund is being terminated and is expected to be wound up by 30 June 2026. All member accounts must ...

MHC Digital partners to launch stablecoin platform

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... AUD-backed stablecoin platform. Through the platform, it will issue its stablecoin at 1:1 against Australian dollars held in trust with a big-four Australian bank. It comes as ASIC recently announced an exemption to allow secondary distribution of AUDM ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
MSC Trustees and MSC Abacus, both part of MSC Group, have been appointed as the trustee and administrator for a newly established third-party litigation funder, Ninety Mile Capital. Ninety Mile Capital is based in Melbourne and was founded by chief ...

ASIC issues interim stop orders to La Trobe Financial

JAMIE WILLIAMSON  |  FRIDAY, 19 SEP 2025
... the payment of consistent monthly income to investors." "We take our role as responsible stewards of your capital, and the trust you have placed in La Trobe Financial, very seriously." The stop orders follow ASIC's surveillance of private credit ...

APRA to hunt for new deputy chair

ELIZA BAVIN  |  FRIDAY, 19 SEP 2025
The Australian Prudential Regulation Authority (APRA) said a search is underway after APRA deputy chair Margaret Cole advised the Treasurer of her intention to step down at the end of her current term on 30 June 2026. Treasurer Jim Chalmers said the ...

Acadian hires local institutional distribution lead

MATTHEW WAI  |  FRIDAY, 19 SEP 2025
... senior vice president and account manager. Before that, he also held roles at IAG Asset Management, Challenger and Bankers Trust. Commenting, Savage believes McLenaghan's experience will help elevate and deliver the firm's strategic objectives. "Matthew ...

CareSuper hires chief member officer

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
CareSuper will welcome an Aware Super group executive as its new chief member officer. Katrina McPhee will join CareSuper in December in the role, which the fund said is "dedicated to amplifying the voice of members and shaping a retirement experience ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... Fund and First Guardian collapses, published a petition urging the government to provide $5 million in seed capital to a trust fund, the beneficiaries of which would be the 12,000 or more defrauded investors. If the government refuses, the group plans ...

Aura Group explores ASX listing, appoints advisers

RIDDHIMA TALWANI  |  THURSDAY, 18 SEP 2025
Aura Group is assessing a potential listing on the ASX within the next 12-24 months and has appointed Morgans Corporate and E&P Capital to advise on it. Steinepreis Paganin and BTP Law will provide legal counsel, and Crowe will advise on audit and tax ...