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Showing 871 - 880 of 7577 results for "Deal"

Advance Asset Management ceases direct distribution

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... issued in March, before the business transitioned from BT to Mercer. They were lifted later that same month, ahead of the deal - which also comprised the merger of BT's superannuation business - being completed. At the time of the sale announcement ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
Allianz Retire+ has appointed a national platform and research relationship manager, while also making a raft of high-profile appointments to its Retirement Advisory Board. Joining the Allianz Retire+ team as national platform and research relationship ...

Challenger lowers stake in Elanor

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... real estate investments and growing AUM for the Elanor Group." Elanor still expects to have $6.4 billion in AUM after the deal finalises.

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 ...

Infratil buys Brookfield stake in telco business

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
... its 49.95% stake in telecommunications company One New Zealand (One NZ) to infrastructure investment company Infratil. The deal has increased Infratil's ownership of the country's second biggest mobile market operator to 99.9%. It funded the purchase ...

APAC now most active region for VC: Data

CASSANDRA BALDINI  |  WEDNESDAY, 14 JUN 2023
... addition, these markets have the benefit of being slightly better insulated from external market volatility, it added. While deal size has generally been growing across funding stages and markets, APAC transactions remain smaller, on average, than in ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

Sequoia backs budding investment manager

CASSANDRA BALDINI  |  TUESDAY, 13 JUN 2023
The listed wealth manager has acquired a stake in a recently launched investment manager and will support the roll-out of three new funds. Sequoia has bought 20% of Euree Asset Management for a cash consideration of $500,000. Euree was formed at the ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... services business. A website promoting Kaur and MKS Property says the business was established in 2006 and states: "When you deal with MKS, you are dealing with a long-term business partner, not a run-of-the-mill service provider. Our word is our bond ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... "substantially lessen competition" in areas like home loans, deposits, and agribusiness markets. The bank contested that the deal was unlikely to yield public benefits that could outweigh the potential drawbacks. "Our response outlines why we continue ...