Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 811 - 820 of 2383 results for "Merger"

Deutsche Bank appoints local head

KANIKA SOOD  |  FRIDAY, 12 FEB 2021
... on Resolution Life's $3 billion acquisition of AMP's wealth protection and mature businesses, and Vodafone's $15 billion merger with TPG among other transactions. "Australia has always been and will continue to be a key market for our origination and ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
... superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership that will take ...

Frontier on hiring spree

KANIKA SOOD  |  THURSDAY, 11 FEB 2021
... business beyond its traditional superannuation clients, who are increasingly building in-house capabilities and facing merger pressures. More than 50% of its clients (by number) are now businesses other than superannuation funds. "Our business is growing ...

Lazard restructures Australian business

ELIZABETH MCARTHUR  |  FRIDAY, 5 FEB 2021
International financial advisory and asset management firm Lazard has confirmed it is undertaking a restructure of its Australian business. The reorganisation of the firm in Australia will not change anything for Lazard Asset Management. However, it ...

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
Superannuation funds need to set clear, transparent emissions reduction targets for their investment portfolios that are based on metrics that can be compared across the industry, according to recommendations from the Australasian Centre for Corporate ...

Longstanding Netwealth chair resigns

ANNABELLE DICKSON  |  THURSDAY, 21 JAN 2021
The platform has appointed a former UBS executive as chair following the resignation of its founding chair. Netwealth announced in its quarterly business update that Tim Antonie will take over from Jane Tongs, who has served as chair for more than two ...

Boards suffer from disconnect between risk, strategy

ELIZA BAVIN  |  WEDNESDAY, 20 JAN 2021
New research from Deloitte has found there is a disconnect between boards' risk appetite and effective strategic planning, which it said is threatening companies' ability to take on risk. The report, Refocus on Risk to Thrive, was based on interviews ...

EISS Super director joins Macquarie board

KANIKA SOOD  |  TUESDAY, 19 JAN 2021
Macquarie has added an EISS Super non-executive trustee director to its boards. Mike Roche will join the Macquarie Group and Macquarie Bank boards effective January 20, alongside Oz Minerals chair Rebecca McGrath. Roche has been on the EISS Super board ...

Industry fund operations chief exits

KARREN VERGARA  |  MONDAY, 18 JAN 2021
The former chief operating officer of WA Super has left following the superannuation fund's merger with Aware Super. Paul Owen joined WA Super in 2006 and after seven years moved into the client services role, where he was responsible for managing financial ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
MTAA Super and Tasplan will take on a new name on April 1, as their $23 billion merger completes. The combined fund will be called Spirit Super and have 326,000 members and lower administration fees. MTAA Super chief executive Leanne Turner, who will ...