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Showing 841 - 850 of 7376 results for "Marc"

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Morrison Securities (Morrison) has paid a penalty of $333,000 to comply with an infringement notice given by the Markets Disciplinary Panel (MDP). According to the MDP, Morrison contravened the ASIC Market Integrity Rules on six occasions between October ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Advance Asset Management funds will no longer be available to direct retail investors following a rather significant change to the eligibility criteria for investment. Currently, Advance AM funds have a minimum investment of $5000 and are available ...

Australian Retirement Trust names chief of retirement

KARREN VERGARA  |  WEDNESDAY, 21 JUN 2023
Australian Retirement Trust (ART) named a BT executive as its new chief of retirement, set to join the $240 billion superannuation fund in December. Kathy Vincent takes the newly created post to focus on implementing ART's retirement strategy, and ...

NAB progresses closure of custody arm

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
NAB has confirmed it is on track with the wind down of its asset servicing business, including helping its existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving ...

URF investors reject K2 as RE

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
An overwhelming number of investors in E&P Financial Group's US Masters Residential Property Fund (URF) have rejected K2 Asset Management as its new responsible entity. Unitholders of URF voted against appointing K2 Asset Management (KAM) as its ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

Bravura chief executive to leave

CHLOE WALKER  |  MONDAY, 19 JUN 2023
Libby Roy has stepped down as Bravura Solutions' chief executive and managing director, less than 12 months into the role. Roy became Bravura's chief executive at the end of August 2022 after serving as a non-executive director for two and a half years. ...

ANZ reaches agreement with QLD government over Suncorp

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
ANZ has executed an implementation agreement with the Queensland government as part of the bank's plan to acquire Suncorp Bank. The signing of the agreement marks the next step in ANZ's plan to acquire Suncorp Bank despite concerns raised by the Australian ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
The world's sovereign wealth funds (SWFs) have doubled their assets under management in the last decade. Preqin's latest Sovereign Wealth Funds 2023 report shows AUM held by funds now totals US$10.4 trillion, as at March end. Notably, US$4.3 trillion ...