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FAAA awards Gwen Fletcher Memorial prize

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
The Financial Advice Association Australia (FAAA) has awarded a Gwen Fletcher Memorial Award to a Sydney-based financial adviser. Kristine Pham, an associate private wealth adviser at Lipman Burgon & Partners, won the award for the first semester of ...

Cbus appoints chief executive, deputy

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
... Arter's successor as chief executive and promoted its chief member officer as second in charge. Kristian Fok takes on the top job, a role he was overseeing in an acting capacity since Arter resigned in May. As chief investment officer, Fok led Cbus' ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... consolidated banking group, we'll continue to be guided by the best interests of all our stakeholders, including investors. Our top priority remains the same: to serve our clients with excellence." Meanwhile, UBS Group chief executive Sergio Ermotti ...

Super gender balance gap increases

KARREN VERGARA  |  FRIDAY, 9 JUN 2023
... highest for Victoria, followed by Portsea workers with $221,236. Western Australia's Cottesloe and Peppermint Grove made the top 10 list with residents making $229,805 on average. Surgeons and anaesthetists continue to be the highest-earning jobs at ...

Former QIC exec now OMERS risk chief

ELIZABETH FRY  |  FRIDAY, 9 JUN 2023
... the Canadian pension fund's chief executive Blake Hutcheson. Joining OMERS in 2020, Deb Barnes has been promoted to the top risk job after serving as senior managing director, fund investment risk management and overseeing capital markets risk and ...

Super funds consider future of PwC contracts

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... investment performance, which have received Rainmaker's inaugural ESG Leader Rating. Rainmaker has also identified the top performing ESG super funds, by five-year MySuper returns - Aware Super is in top place, with 11.38% for five-year returns on ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
Super fund ESG options on average have "sharply reduced" exposure to BHP, Woodside Energy and Transurban while being overweight CSL, Telstra and ResMed, according to Rainmaker Information. Rainmaker Information has released its most recent Rainmaker ...

Super funds pursue merger, chief executive chosen

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... Rowe's tenure with the fund has seen it become one of the most efficient super funds in Australia, citing fees and returns. "On top of that record of strong performance and lowering costs, Stephen has experience with multiple transitions, and we ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... have a way for whales... either we do it, or [a competitor crypto trading platform] does it", and, "I have been briefed by top management to always find a way to support biz." "Through 13 charges, we allege that Zhao and Binance entities engaged in an ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... services trade worth over $11 billion in 2021-22, making it our second largest services trading partner," he said. Australia's top 10 trading partners during 2018-19 were China (26%), Japan (9.9%), the US (8.6%), the Republic of Korea (4.6%), Singapore ...