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Praemium puts in place UK board

HAMISH MADDEN | MONDAY, 20 NOV 2006

Praemium has announced the appointment of a UK board as the next step in its UK expansion strategy. The new board will monitor and advise on the development of the UK business, which was funded through the initial public offering and listing of the ...

Opes Prime appoints new chairman

HAMISH MADDEN | MONDAY, 20 NOV 2006

... is a great endorsement of Opes Prime. "The last two years have seen tremendous growth. We look forward to negotiating our next phase of growth with Gillooly as chairman." Gillooly is also currently non-executive chairman of the Bellwether Group, a director ...

Bravura IT signs BNY deal

... September this year, it acquired the Bank of New York's Rufus software business for $79 million, a deal that will be finalised next month and will swell Bravura's FUA to $750 billion. "We are becoming a big player in this space," said Dunstan, highlighting ...

ASIC shadow shop draws zero consumer complaints

ALEX DUNNIN | THURSDAY, 16 NOV 2006

... described the Treasurer's formal response to Senator Watson's question. For the critics of financial advisers, there is always next year's survey.

US slowdown won't hurt China

ALEX DUNNIN | WEDNESDAY, 15 NOV 2006

... Beijing this week, that a sharper fall in China's economic activity will be avoided despite expectations of a US slowdown next year. "Money supply and credit growth have been trending lower recently, and Fitch believes investment spending will follow," ...

Daily Economic Round Up

PETER BELL | WEDNESDAY, 15 NOV 2006

... that in 2007 it expects emerging East Asia to grow by 7.3 per cent and developing East Asia to grow by 8.8 per cent over the next year. The largest growth is expected to be in China at 9.6 per cent, India with 7.5 per cent and Indonesia with a growth ...

AFA unveils new board

HAMISH MADDEN | TUESDAY, 14 NOV 2006

... see that many of those were under 40 years of age. This is a key part of the AFA's key agenda, developing the Generation Next group," Bateman added. Richard Klipin, chief executive officer of the AFA, echoed this view and said the new board would underpin ...

MFS buys 40 per cent of Vantage

... chief executive Richard Lourey said that their investment will inject further capital onto VPEG so that it can move to its next stage of development and begin its investment program. "We are confident VAM has the necessary skills and experience to ensure ...

UniSuper flags $1b property spend

UniSuper is the latest megafund to flag it will invest at least $1 billion in unlisted property over the next five years, enough firepower to acquire 100 per cent or majority stakes in buildings, an investment strategy once the exclusive domain of fund ...

Daily economic round-up

PETER BELL | MONDAY, 13 NOV 2006

... the national drought and the peaking of commodity prices signals a slowing of domestic output and that the surplus for the next budget would be about 1 per cent of GDP. The reduction by 20 per cent of the national agricultural production as a consequence ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA | 12:22PM

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI | 12:16PM

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI | 11:35AM

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI | 11:31AM

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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