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Showing 61 - 70 of 165 results for "Operational Risk"

How wealth management must respond to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
Global consulting firm McKinsey & Company has issued a new report on how the COVID-19 pandemic will impact wealth management in the Asia Pacific region, including what might happen if the virus continues to spread. "Past epidemic crises have had sharp ...

Future of life insurance in doubt: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... increasingly complex and expensive to administer over time, resulting in poor consumer outcomes and increased operational risk for insurers." The inappropriate sale of life insurance and poor claims handling practices were also highlighted as issues. ...

VFMC chief risk officer to depart

JAMIE WILLIAMSON  |  FRIDAY, 10 JAN 2020
... of head of enterprise risk management. Carr has been with Vanguard since 2011. Previously she served as group operational risk manager for AXA prior to its merger with AMP and has also held senior roles with EY.

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... will impose an immediate increase in Westpac's capital requirements of $500 million, to reflect the heightened operational risk profile of the bank. This will bring the total operational risk capital add-ons that Westpac is required to hold to $1 billion ...

Deloitte hires from OneVue

ELIZA BAVIN  |  MONDAY, 9 DEC 2019
Deloitte has named a new director of superannuation operational risk advisory, nabbing a C-suite level executive from OneVue. Melissa Gomes was previously the chief operating officer of OneVue's Super Services business where she oversaw the firm's acquisition ...

Perpetual appoints head of risk

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
... Prior to that, she spent more than 20 years at Macquarie in a variety of roles including head of compliance and operational risk for the investment banking business, financial products and head of middle office for Macquarie Funds Group.

Vanguard appoints operation risk lead

KANIKA SOOD  |  THURSDAY, 12 SEP 2019
... of investment risk and compliance earlier this year. Rodrigues has been at Vanguard since 2012, starting as an operational risk analyst. Prior to this, she worked at JBWere. Vanguard this week opened its first fundamentally managed active funds in Australia ...

APRA hits Allianz over risk

HARRISON WORLEY  |  WEDNESDAY, 14 AUG 2019
... applied by APRA in the wake of the landmark prudential inquiry into the Commonwealth Bank, which showed the bank's operational risk management framework "worked better on paper than in practice". Following the inquiry, APRA hit CBA with an additional ...

Advisers to bear brunt of AMP failings

JAMIE WILLIAMSON  |  FRIDAY, 9 AUG 2019
... view to saving shareholders' money. "Today at AMP, we don't have the appropriate level of return for the operational risk we're taking on advice," he said. AMP is planning to rebalance the equation with a series of actions, one of which, he said ...

$50bn super fund links with software firm

HARRISON WORLEY  |  WEDNESDAY, 31 JUL 2019
A $50 billion industry superannuation fund partnered with a global investment data management software firm. Matrix has been selected by Cbus to provide the giant superannuation fund with investment management software designed to analyse the fund's ...