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Australian Retirement Trust hires Tim Unger

ELIZABETH FRY  |  FRIDAY, 8 SEP 2023
Australian Retirement Trust has added former Willis Towers Watson sustainable investments lead Tim Unger to its team. Unger has been appointed as senior portfolio manager within the sustainable investments team. The appointment follows ART's recent ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
Outgoing Reserve Bank of Australia (RBA) governor Philip Lowe has spoken of the difficulty of navigating his tenure in an era dominated by social media and clickbait, and said he remains confident the bank's decisions supported the population's economic ...

Spaceship launches US investing service

JAMIE WILLIAMSON  |  WEDNESDAY, 6 SEP 2023
Spaceship users now invest as little as $10 in a range of US-listed ETFs and stocks. Launched yesterday, Spaceship's new US investing service is available to Spaceship Voyager customers for just $2 extra a month, who can execute unlimited trades with ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ...

Income Asset Management appoints head of sales

ANDREW MCKEAN  |  TUESDAY, 5 SEP 2023
Income Asset Management (IAM) has strengthened its capital markets team with the appointment of Jenna Labib as head of sales, effective yesterday. The ASX-listed investment firm promoted Labib from her previous role as head of adviser services to the ...

Sequoia liquidates Libertas Financial Planning

KARREN VERGARA  |  FRIDAY, 1 SEP 2023
Libertas Financial Planning is in the process of liquidation, a decision made by parent company Sequoia Financial Group four years after it was acquired. Libertas' operations and customers will transfer to Interprac Financial Planning and Sequoia ...

AustralianSuper hires head of international, private equity

CHLOE WALKER  |  WEDNESDAY, 30 AUG 2023
After 23 years with AXA Investment Management (AXA IM), Mark Hargraves is set to become AustralianSuper's new head of international and private equity. Based in London, Hargraves will be responsible for leading AustralianSuper's $69 billion international ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
Platinum Asset Management chief executive Andrew Clifford has announced he will vacate the top job but remain as co-chief investment officer. The board confirmed it will shortly commence the hunt for Platinum's next chief and said Clifford will ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
Equity Trustees is merging its superannuation and corporate trustee services divisions, creating a $150 billion business. The group said the two divisions share many similarities, meaning "it makes good commercial sense to bring them together." All ...

Private credit to play critical role in the economy: MA Financial

CHLOE WALKER  |  TUESDAY, 8 AUG 2023
... efficiency. "Majors have, for a very long time, taken an exorbitant amount of time to actually even make a decision to say yes or no," Houston said. "It's time and that uncertainty that has a big impact on borrowers, particularly today as the time ...