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MetLife appoints head of insto

RUTH LIEW  |  TUESDAY, 16 SEP 2008
MetLife Insurance Limited appointed Richard Anderson as head of institutional business. Anderson, currently with Australian Prudential Regulation Authority (APRA), will join MetLife in October and be responsible for building on the 2007 and 2008 growth ...

Where to in global equities?

MICHELLE BALTAZAR  |  TUESDAY, 16 SEP 2008
... financials fallout. But does it mean the sector is now full of bargain stocks carried in the sweep? Not quite - and not even close, said one global equities expert. Richard Turnill, the US-based head of BlackRock's Global Equity team is in Australia ...

FPA members demand stronger voice

MICHAEL HOBBS  |  TUESDAY, 16 SEP 2008
Leading financial planning dealer groups want the Financial Planning Association (FPA) to take a harder stance on key industry issues and collaborate more with its members. Robbie Bennetts, Professional Investment Services chief executive, said the ...

Market Wrap - Morning

AAP  |  TUESDAY, 16 SEP 2008
... loan crisis and filed for bankruptcy protection. In London, the FTSE 100 index's lost 212.5 points, or 3.92 per cent, to close at 5,204.20 points. FRANKFURT - Germany's DAX 30 shed 170.73 points, or 2.74 per cent, to finish at 6,064.16 points. PARIS ...

No jump in client meetings: Business Health

MICHELLE BALTAZAR, MICHAEL HOBBS  |  MONDAY, 15 SEP 2008
... also need to spend more than the average 2 per cent on prospecting. For example, he suggested planners should cultivate a close, rather than a token, relationship with at least half a dozen accountants and lawyers - and meet with clients more than they ...

Market Wrap - Morning

AAP  |  MONDAY, 15 SEP 2008
Australian markets have received a mixed lead from Wall Street, although the price of oil fell again in a special trading session overnight whilst gold and silver rose. At 0722 AEST, the Sydney Futures Exchange's September Share Price Index contract ...

Finance industry groups respond to ETS

ALEX DUNNIN  |  FRIDAY, 12 SEP 2008
Australia's peak investment groups have finally come out of the closet on the government's proposed ETS model. A joint submission to the Government's Green Paper on the establishment of the emissions trading scheme (ETS) by the Australian Council of ...

Market Wrap - Morning

AAP  |  FRIDAY, 12 SEP 2008
... the US financial sector. The Tokyo Stock Exchange's benchmark Nikkei 225 index dropped 244.13 points, or 1.98 per cent, to close at 12,102.5. HONG KONG - Hong Kong share prices closed down on Thursday, marking an 18-month low, as investors dumped shares ...

WW opens Aus portfolio construction shop

MICHAEL HOBBS  |  THURSDAY, 11 SEP 2008
Watson Wyatt Australia has hired former Intech CIO Hugh Dougherty and promoted Michael Blayney to head a new division that taps into the company's global portfolio construction research. The firm's Australian Portfolio Construction Group (PCG) complements ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 SEP 2008
... tenterhooks over Lehman Brothers. The Tokyo Stock Exchange's benchmark Nikkei 225 index fell 54.02 points, or 0.44 per cent to close at 12,346.63. HONG KONG - The Hang Seng index closed down 2.4 per cent on Wednesday, after commodity stocks slumped due ...