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Showing 861 - 870 of 3460 results for "Stake"

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
Treasurer Jim Chalmers, minister for financial services Stephen Jones and minister for competition, charities and treasury Andrew Leigh have announced that work is underway on crypto asset reforms. "The Albanese government will improve the way Australia's ...

Transurban names new chair

CASSANDRA BALDINI  |  THURSDAY, 18 AUG 2022
Transurban has named Craig Drummond as its chair, replacing Lindsay Maxsted who will retire this year. The current non-executive director will replace Maxsted following the annual general meeting in October. Drummond joined the board in 2021 and has ...

Challenger appoints Duncan West as chair

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
Challenger named Duncan West its new chair, replacing Peter Polson who will retire after October's annual meeting. West has served on the Challenger board as an independent non-executive director since 2018. He has over 30 years of board and financial ...

Fiducian sees record inflows, eyes expansion

JAMIE WILLIAMSON  |  TUESDAY, 16 AUG 2022
Fiducian has recorded an underlying profit increase of 11% and seen record net inflows of $309 million, as it sets its sights on New Zealand, Japan, South Korea and Thailand. Reporting to the ASX, Fiducian said its underlying net profit for the year ...

AZ NGA, Blue Invest acquire VBP stake

CASSANDRA BALDINI  |  MONDAY, 15 AUG 2022
... management team increasing their holding to 20%. VBP's founding shareholders David Carney and David Deegan will retain a 40% stake in the business. An issued statement said the transaction enables all parties to fulfil key strategic priorities. "It ...

Charter Hall sells half-stake in office fund to GIC

ANDREW MCKEAN  |  MONDAY, 15 AUG 2022
The Charter Hall Prime Office Fund (CPOF) has sold a 50% interest in the $800 million office project that's being developed on 555 Collins Street, Melbourne to sovereign wealth fund GIC. Charter Hall managing director and group chief executive David ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
The Financial Planning Association of Australia (FPA) has called out the urgent need for a broad-based Compensation Scheme of Last Resort (CSLR) following ASIC's recent notice for former Dixon Advisory clients to register any complaints with the ...

QIC braces against recession risks

ELIZABETH FRY  |  FRIDAY, 12 AUG 2022
As the manager of the Queensland government's long-term financial interests and a quasi-sovereign wealth fund, QIC can avoid the painful APRA performance test. This is a tremendous advantage for Allison Hill, QIC's state chief investment officer ...

AMP to return $1.1bn to shareholders

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... million to $481 million, largely driven by the gain on sale of the infrastructure debt platform and that of its remaining stake in Resolution Life. AMP said it is now in a strong capital position, with $1.5 billion surplus above its target capital level. ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
The government has commenced a review of the ASIC Industry Funding Model, issuing terms of reference. An update from Treasury said the review will be forward looking and focused on identifying refinements to the industry funding model. Treasury added ...