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New SEC chair affirmed, FCA chief reappointed

MATTHEW WAI  |  FRIDAY, 11 APR 2025
... and president Dale Brown was supportive of the appointment. "We congratulate Paul Atkins on his confirmation as SEC chair. Now is a pivotal time in the history of the markets with rapid technological advancements, evolving investor expectations and the ...

Aware Super names portfolio and construction lead

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
... years, most recently as head of equities. Other previous roles include portfolio manager at Intech Investment Consultants, now part of the Morningstar Group. "Michael brings extensive investment expertise and leadership experience. We are thrilled to ...

AllianzGI appoints public and private markets lead

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
... over the last decade. "That success has established the platform as a strategically important growth engine for our firm that now warrants dedicated representation at our executive committee," he added. "With his deep experience of client requirements ...

Michael Dwyer joins impact fund board

ELIZABETH FRY  |  THURSDAY, 10 APR 2025
... more than 30 years of experience in the superannuation and investment sectors. He was chief executive of First State Super (now Aware Super) for 14 years and was also general manager of the NSW industry super fund ASSET Super for 10 years. He is a former ...

Regal writes off Opthea, FUM takes 8% hit

KARREN VERGARA  |  THURSDAY, 10 APR 2025
... (ASX:RG8) estimated the value of Opthea assets were worth 20 cents following the failure of a major clinical trial. This is now worth zero. A top shareholder in Opthea, RG8 had about a 32% stake in the firm at the end of January. On March 31, ASX-listed ...

NAB forecasts 50bp rate cut in May

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
... May. Auld said headwinds from the global environment have intensified, but conceded large amounts of uncertainty remain. "We now see the RBA easing more quickly through mid-2025, taking the cash rate to 2.6% by February," Auld said. "We expect the RBA ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... pressure to their cash flow. Many businesses will need to rethink their finance strategies," Beeson said. " SMEs need to act now to stay ahead of the changes and set themselves up for success." Pointing out a solution, Beeson said businesses worried ...

Data centres 'major growth sector' for Australia: Report

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... "significant" momentum, according to the report, linked to the recent US ruling that granted the country access to Nvidia AI chips. Now, as one of the four nations in APAC exempt from export restrictions, Australia is well poised in the AI race against ...

AIOFP partners with fintech firm to offer white-labelled digital advice

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... will also benefit from the moneyGPS partnership. "The AIOFP is excited about its partnership with moneyGPS as its members can now leverage an Australian owned digital solution to future proof their business and help drive better client engagement."

Perpetual to build digital wholesale term deposit marketplace

JAMIE WILLIAMSON  |  TUESDAY, 8 APR 2025
... - a claim rejected by Perpetual. KKR was also due to acquire the wealth management unit as part of the deal. Perpetual is now attempting to offload that division separately.