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NAB hands Asian life insurance to AXA

... have core capabilities and can create sustainable shareholder value. The sale allows us to consolidate our banking and wealth management services in Asia," said NAB's managing director and group chief executive, John Stewart. Stewart said that the move ...

Next closes Trust managed accounts deal

Trust Company of Australia, (Trust) and Next Financial Limited (Next) have finalised a deal that will see Next appointed as the manager and administrator of Trust's managed accounts (MA) product. While Trust will continue on as the Responsible Entity ...

New survey debunks age-old investor behaviour views

... portfolio in riskier assets and investors are more likely to move from risky to safe assets as they get older. "With such a wealth of data, we've been able to construct an unprecedented portrait of Australian managed fund investors, helping to better ...

Market wrap

AAP | WEDNESDAY, 15 FEB 2006

... half earnings while Woodside and Adelaide Brighton release annual results. If that is not enough, Peptech and Australian Wealth Management both front shareholders while on the economics front Westpac-Melbourne Institute releases the December Leading ...

ING walks the line: Number one for customer service

Of the top 10 wealth managers in Australia, ING crossed the line first in a survey of customer service satisfaction. In an AC Nielsen survey of the top 10 wealth managers (by customer share) canvassing 22,527 respondents over the second half of 2005 ...

ASIC and NZ corporate regulator sign cooperation deal

... and overseas companies, co-operative companies, incorporated societies, friendly societies and credit unions. With most wealth management comapnies operating in New Zealand also operating in Australia, while most leading brands in australia also operating ...

Deck reshuffle at Challenger

Challenger Financial Services has announced senior management changes, including the imminent departure of Challenger Wealth Management's chief executive, Chris Cuffe, ahead of the group's half year results on 27 February. Challenger's managing director ...

McPlanning: CBA unveil first one stop shop

... and to leverage off of its other capabilities. "It really is a separate part of the branch structure and is focused on wealth management and advice." He added, "but another big part is to build the public's awareness of the bank and it will also aim ...

Asgard puts cash first with eCASH and Cash Connect

In a move that cements Asgard Wealth Solution's role as a trendsetter in the platform sector, the group has announced the launch of two cash products designed to help financial planners manage the cash component of their client's accounts better. Asgard ...

AWM and Select form $22bn merger

Australian Wealth Management Limited (AWM) and Select Managed Funds Limited (Select) will merge, after their boards and major shareholders waved the proposal through yesterday. The merged group, with funds under administration, management and advice ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

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

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

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

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

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Christian Mueller-Glissmann

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Blake Briggs

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FINANCIAL SERVICES COUNCIL

Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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