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Showing 61 - 70 of 356 results for "Wealth Management business"

AMP establishes AMP Investments

JAMIE WILLIAMSON  |  TUESDAY, 31 MAY 2022
With the transfer of the AMP Capital multi-asset group into its wealth management business now complete, AMP has created AMP Investments. Run by chief investment officer Anna Shelley, AMP Investments oversees $84.7 billion in assets which includes funds ...

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... projected to do so again this year, she said. In its recent update, AMP reported net cash outflows for the wealth management business of $1.3 billion. "We are accelerating the transformation of advice by implementing a contemporary services model, embracing ...

Clime acquires private wealth firm

JAMIE WILLIAMSON  |  THURSDAY, 19 MAY 2022
Clime Investment Management has acquired a Melbourne wealth management business for $7 million. The ASX-listed manager will acquire MTIS Wealth Management on July 1, adding about $380 million in funds under management to its pool and total gross revenues ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... that the exit of the mandate isn't expected to have a material impact on profitability. AMP's wealth management business has been plagued by consecutive quarters of net cash outflows. The wealth management business' assets under management ...

AMP offloads remainder of Collimate Capital

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
AMP will sell Collimate Capital's international infrastructure equity business to DigitalBridge Investment Holdco for $700 million. DigitalBridge Investment Holdco is a wholly owned subsidiary of DigitalBridge Group, a Florida-based private equity and ...

BT superannuation lead joins Citi

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
The acting managing director of superannuation at BT has taken a new role at Citi Australia. Hannah Oakhill is now head of retail banking and wealth management at Citi, effective this month. Oakhill joins from BT where she had been serving as acting ...

Colonial First State CFO in new role

CHLOE WALKER  |  MONDAY, 28 MAR 2022
... director of MLC Wealth, joining after five years as chief financial officer of Commonwealth Bank's wealth management business. He is also a former general manager, trust and fund services at Perpetual. Bendigo and Adelaide Bank managing director and ...

Sequoia makes three appointments

ELIZABETH MCARTHUR  |  TUESDAY, 15 FEB 2022
Sequoia Financial Group announced the appointment of three executives to bolster its national advice network. Barry Strapps has joined as regional manager for South Australia and Western Australia. He joined InterPrac last year and prior to that worked ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... the release of provisions, together with performance fees earned by AMP Capital. AMP's Australian wealth management business, which comprises platforms, master trusts, and SuperConcepts, reported a $48 million underlying profit, a 25% drop year on ...

AMP hires new head of portfolio management

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JAN 2022
... professionals," Shelley said. "With the transfer of the MAG investment team from AMP Capital to AMP's wealth management business successfully completed as planned, we have a strong team in place, focused on delivering high-quality products and strong ...