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|The nation's wealthiest saw their fortunes increase by nearly $85 billion during the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March ...|
|Commonwealth Bank has hired a former UBS Global Asset Management and Financial Services Council executive to chair its fintech incubator business. Ben Heap was appointed non-executive, independent chair of x15ventures, which helps scale startups by ...|
|Corporate watchdog ASIC was hit with a cybersecurity breach on January 15 that has potentially exposed personal information. ASIC announced on January 25 that the incident involved unauthorised access to a server that contained documents associated ...|
|A boutique platform has appointed a distribution lead in a newly created role as it ramps up its offering to financial advisers. Andrew Whelan has joined WealthO2 as chief distribution officer. Whelan came from Bravura subsidiary Midwinter where he ...|
|Young workers who took advantage of the early release of superannuation have less than $1000 in their nest egg, a new study that details the impact of the scheme shows. The Australian Institute of Superannuation Trustees (AIST) found nearly one million ...|
|Investment and retirement strategies around the family home were hot topics for financial advisers' clients in 2020. BT financial advisers' December 2020 quarter survey found clients continue to query advisers about their eligibility for the ...|
|Eildon Capital has appointed a head of distribution and investor relations in a bid to expand its funds management business. Lulu Yan will oversee the unlisted funds the firm manages. Yan came from Darland, a developer of residential property in Victoria ...|
|The world's largest asset manager is flirting with the idea of investing in cryptocurrency, priming two of its global funds to potential exposure to bitcoin futures. Two filings with US watchdog the Securities and Exchange Commission reveal that two ...|
|Aura Funds Management has appointed a former Challenger executive to lead its property credit fund. Shaun Fernando is a new director and portfolio manager for the firm's real estate credit strategy in Australia and is based in Sydney. Fernando was an ...|
|Hyperion will launch an active ETF on the ASX that will open access to its unlisted global equities strategy. The Hyperion Global Growth Fund (HYGG) is an active ETF set to list in late March. HYGG gives access to the unlisted vehicle the Hyperion Global ...|
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VanEck has expanded its range of ETFs, announcing two new offerings to join its new Global Clean Energy ETF.
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The financial services software company has announced its plans to launch a technological solution to meet the Design and Distribution Obligations (DDO), commencing 5 October 2021.
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Capgemini has named a new managing director for Australia and New Zealand, following the recent promotion of Olaf Pietschner.
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Victorian-based Ahmed Saad appeared in court after being charged with dishonestly obtaining financial advantage by deception for his role in an illegal retail superannuation scheme.
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