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Chief economist update: Disappointing jobs results raise Biden's stimulus bid

BENJAMIN ONG  |  MONDAY, 8 FEB 2021
Talk about perfect timing. The US Bureau of Labor Statistics' (BLS) disappointing update on the state of employment in America couldn't have come at a more opportune time - the time when fresh president of the US, Joe Biden, is bidding the Congress ...

Ord Minnett expands footprint

ANNABELLE DICKSON  |  FRIDAY, 29 JAN 2021
In its next phase of growth, the wealth management group has opened the doors to its new office in Tasmania which will offer full-service stockbroking and financial planning. The office is led by senior investment adviser and branch manager Luke Rybarczyk ...

Ord Minnett adds to team

KANIKA SOOD  |  FRIDAY, 22 JAN 2021
Ord Minnett has announced seven new appointments, including a Deutsche Bank director to its institutional equities sales team. Ashley Cox joined the firm on January 18 in institutional equities sales. In his most recent role, he was a director at Deutsche ...

Barrenjoey hires from Ord Minnett

KANIKA SOOD  |  WEDNESDAY, 20 JAN 2021
Ord Minnett's head of institutional research will be leaving the role for Barrenjoey Capital Partners. Nicholas McGarrigle will join Barrenjoey as an analyst. McGarrigle joined Ord Minnett in 2010 as a research associate and moved up to head of ...

Janus Henderson adds to global leadership

ELIZA BAVIN  |  WEDNESDAY, 20 JAN 2021
Janus Henderson has announced a new global head of consultant relations after appointing a new director of institutional solutions in Australia last week. Janus Henderson has appointed Richard Graham as global head of consultant relations and will be ...

EISS Super director joins Macquarie board

KANIKA SOOD  |  TUESDAY, 19 JAN 2021
Macquarie has added an EISS Super non-executive trustee director to its boards. Mike Roche will join the Macquarie Group and Macquarie Bank boards effective January 20, alongside Oz Minerals chair Rebecca McGrath. Roche has been on the EISS Super board ...

Deutsche Bank fined for alleged bribery

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
The US Securities and Exchange Commission (SEC) has fined the bank for falsifying payment documentation in relation to third-party intermediaries. Deutsche Bank has agreed to pay more than US$120 million for violations of the Foreign Corrupt Practices ...

Hume promoted to cabinet

ANNABELLE DICKSON  |  MONDAY, 21 DEC 2020
The assistant minister for superannuation, financial services and financial technology has been promoted to ministry in an expanded role that will see her take on responsibility for the digital economy. Prime Minister Scott Morrison announced Jane Hume ...

BNP Paribas wins custody mandate

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
BNP Paribas has won a mandate to serve as sub-custodian in Australia and New Zealand for a large European firm. Clearstream appointed BNP Paribas Securities Services to provide local sub-custody services. Clearstream currently has a partnership with ...

Investment Trends names chief executive

JAMIE WILLIAMSON  |  THURSDAY, 26 NOV 2020
Investment Trends has confirmed the appointment of a new chief executive, whose resume includes roles with MLC Life, Mortgage Choice and AMP Superannuation. The research house has appointed Sarah Brennan as chief executive, replacing Michael Blomfield ...