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Showing 61 - 70 of 164 results for "US business"

Florida fraudster swindles investors out of $60 million

ALLY SELBY  |  WEDNESDAY, 11 MAR 2020
A Florida-based investment adviser scammed at least 30 investors out of $60 million (US$39 million), and put the funds straight into his own pocket. The Securities and Exchange Commission has frozen assets and obtained other emergency relief against ...

QIC names new head of global private capital

KANIKA SOOD  |  FRIDAY, 6 MAR 2020
QIC is bringing home an executive from its US business to replace Marcus Simpson, who recently retired as the head of global private capital. Stephen Whatmore is moving into the role after leading the North American team and setting up the QIC global ...

HSBC to cut 35,000 jobs

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... Europe. Around half of the banks business revenue comes from its dealings in the Middle East and Asia, while it said its US business needed to be reshaped in order to improve returns. The news comes after the bank appointed a new Australian chief executive ...

New chief for Willis Re Australia

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2020
... environment characterised by continuous changing demand for coverage. Furthermore, a closer working relationship with our US business and colleagues can only be of significant benefit for our International business." Mark Morley, managing director of ...

No plan to cut out advisers: SPDR chair

KANIKA SOOD  |  MONDAY, 18 NOV 2019
... adoption for ETFs in Australia are on par with the rest of the world, expect in institutional usage. "I think the US business has slightly higher market share with institutional investors than we have in Australia but I think that might be because the ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
A digital advice firm has voluntarily shut down two robo-advice tools after ASIC raised concerns. Lime FS, a Sydney-based Australian financial services licensee, was running corporate authorised representatives Plenty Wealth, Plenty Plus and Lime Wealth ...

Count Financial bolsters team as part of transition

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
Count Financial has bolstered its leadership team as part of its acquisition by CountPlus. The Commonwealth Bank sold Count Financial to CountPlus for $2.5 million, finalizing the sale at the end of August. John Corcoran has now stepped into the position ...

Investors must monitor social mood: Nikko

ELIZABETH MCARTHUR  |  MONDAY, 23 SEP 2019
Nikko investment director in global equities Iain Fulton says investors should be aware of the social mood and the social reputation the companies in their portfolios carry. At an investor briefing in Sydney, Fulton suggested investors look to the art ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions. Treyton Lee Thomas has been sentenced to 262 months in prison for wire fraud and 60 months for tax evasion to run concurrently, as ...

Pendal hires State Street exec

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... of strategy for the region. Good said he looks forward to joining the global leadership team and helping grow the US business. "The strong position JOHCM has carved out in the US in such a short time is impressive and I see the real potential to accelerate ...