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Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The US Federal Reserve has proposed a regulatory overhaul in which the nation's largest banks would be forced to hold more capital in hopes future meltdowns in the sector can be prevented. Federal vice chair for supervision Michael Barr outlined ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
... Partners, where he was partner and head of investment operations. Widdup was one of the mid-market infrastructure firm's top dealmakers. Even earlier, he worked for the Insurance and Superannuation Commission, now APRA. Equipsuper chair Danny Casey ...

16% of asset managers to exit by 2027: PwC

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
... base of US$147.3 trillion. The asset and wealth management industry is also expected to become more concentrated, with the top 10 asset managers projected to control round half of all mutual fund assets globally by 2027. This concentration could intensify ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
... opened and Lowes' possible reappointment would be decided by the end of July. When weighing who should be selected for the top job, Chalmers said there are a range of factors to consider. "There are all of the usual considerations in that - a person ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... executive of online trading platform Selfwealth has left the ASX-listed firm with "immediate effect". Cath Whitaker vacated the top job she assumed in April 2021. Paul Cullinan, currently the interim chief financial officer, will assume the role of acting ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... diversified investment strategy and robust risk management continue to contribute to strong long-term performance that's top tier when ranked against our peers." Of the industry funds that have reported results thus far, Australian Retirement Trust ...

Bentham opens fund to retail investors

CHLOE WALKER  |  TUESDAY, 4 JUL 2023
... relative value investment ideas on a risk adjusted basis combined with an opportunistic overlay. "This is achieved by combining top-down macro and bottom-up fundamental analysis," he said.

Technology top threat to company culture: Report

CASSANDRA BALDINI  |  MONDAY, 3 JUL 2023
... leaders favourably when role-modelling expected behaviours. A&O Consulting chief executive Sally Dewar said culture continues to top the agenda of policymakers, regulators, and senior boardroom leaders across financial services firms. "But the themes ...

Nuveen, Commonwealth Private partner to launch REIT

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... into Nuveen's listed global cities real estate strategy, which provides exposure to private commercial property in the top 2% of global cities, Nuveen explained. It will invest in North America, Asia Pacific, and Europe across sectors like built-to-rent ...

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... Accelerator users have had a 'whole of wealth' view of their clients' portfolios. "The new Wealth Accelerator is built on top of existing platform features, so advice firms will continue to be able to access a rich suite of online features, such as sophisticated ...