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Showing 61 - 70 of 172 results for "Investment business"

Perpetual talent departs

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... Perpetual saw its net profit after tax fall 29% year on year. The business blamed increasing outflows from its investment business and COVID-19 for the decline. Revenue for the full year also dropped, down 5% to $489.2 million, reflective of a lower ...

Rest appoints three investment specialists

ELIZA BAVIN  |  TUESDAY, 13 OCT 2020
Rest announced the appointment of three new members to its board investment committee, including the former chief executive of Pendal Group and a UBS veteran. Michael Bargholz, Deep Kapur and Anne Anderson will join the five person investment committee ...

Fake pastor herds believers into Ponzi scheme

ELIZABETH MCARTHUR  |  MONDAY, 31 AUG 2020
... self-made millionaire and expert trader. He even rented out office space to give the appearance of a legitimate investment business. The SEC said investor funds were misappropriated for personal use by the defendants and used to make payments to earlier ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
Commonwealth Bank is set to offload 55% of Colonial First State to a $335 billion global investment firm. Announced to the ASX this morning, CBA has entered an agreement to sell 55% of CFS to private equity firm KKR. CBA said the transaction implies ...

Superannuation fund appoints co-founder

KANIKA SOOD  |  FRIDAY, 8 MAY 2020
... which does not invest in fossil fuels, has about $1.44 billion in total assets across its superannuation and investment business on behalf of about 25,000 clients. The fund said the move to co-founder will see Kirstin responsible for business growth ...

Fund manager hires from Paradice

ALLY SELBY  |  TUESDAY, 11 FEB 2020
An active investment management firm has appointed a new head of operations, plucked straight from Paradice Investment Management. Suzanne Bentley has snagged the role at Perennial Value Management, following an "extensive search" for the perfect candidate. ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
... next 18 months to four and a half years. The stake is changing hands from the Bennet family's private investment business AMB Capital Partners to Pinnacle. Following the completion, Coolabah will be owned 75% by its investment team and 25% by Pinnacle. ...

Global group adds to local leadership

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... with William Blair Investment Management, Principal Global Investors and Schroders. "Bringing our savings and investment business to Australia and New Zealand alongside our long-standing presence in other reinsurance business lines is an exciting new ...

YouTube fundie walks away

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... arrangements shortly." Shares in the Patient Capital Trust tumbled as a result of the announcements. Woodford's investment business had only been in operation for four years. He built his reputation in the UK through his earlier work at Invesco.

AMP Capital appoints managing director Australia

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
AMP Capital has created a new managing director role for its Australian business and promoted its head of institutional. Marsha Beck has been promoted to the new role, effective immediately. Having joined in 2015, Beck was most recently leading AMP ...