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| | | National Australia Bank Group has established a new boutique incubator division, nabInvest, to help expand the company's presence in the boutique space. Garry Mulcahy, who returned from the UK for the position, will be the new division's chief executive. ... |
| | | | Australia's dynamic investment market is forcing investor services groups to innovate quickly to meet rising expectations from clients who are now used to buying services globally, said Laurence Bailey, chief executive of JPMorgan Worldwide Securities ... |
| | | | A month after BT Financial Group chief executive Rob Coombe challenged the industry to find better ways to engage the public on the retirement savings debate, the group and Westpac have introduced sweeping changes to the way BT provides superannuation-related ... |
| | | | It's not quite wafer thin but MLC has reduced its Statement of Advice (SoA) templates by more than two-thirds shortly after the introduction of the 'Incorporation by Reference' legislation. The new law, which was introduced three months ago, mandated ... |
| | | | Members Equity Bank has quadrupled its fixed income product funds under management (FUM) in the last four years, according to financial information manager Tom Bekiaris. The fund, which forms part of the various industry funds' fixed income allocations ... |
| | | | Macquarie DDR Management chief executive Nick Ridgewell has resigned, effective November 9. Ridgewell will take a position as head of Asian property at Morley in Singapore. Simon Jones, co-head of Macquarie Real Estate Capital, has been appointed acting ... |
| | | | Integrity, a boutique fund set up by former UBS Australian equities head Paul Fiani, hits the ground running with $400 million in institutional money already invested and a new retail fund launched last week. The Integrity Australian Share fund, loosely ... |
| | | | Skandia has appointed former Perpetual executive Damian Hearn as technical services manager. Hearn was previously technical services manager for Perpetual Private Clients, a role he held since 2004. He also spent time working at Asgard Wealth Solutions ... |
| | | | A majority 99.5 per cent of shareholders has approved Macquarie Bank's split into a banking and non-banking group, a move that mirrors a similar step made by investment banks in the US. The banking group will include funds management, real estate, treasury ... |
| | | | Harnessing investor appetite for products focusing on risk management, State Street Global Advisors (SSgA) is launching their Global Equity Total Return product into the Australian market. Arlene Rockefeller, CFA and senior managing director of global ... |
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