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New appointment at Tower

... Australia has appointed John Stanbridge to the position of head of product, extending the raft of changes at the insurance and wealth management group this year. In his new role Mr Stanbridge will assume responsibility for developing and managing Tower's ...

AXA says NAB-AMP entity a "threat, but also an opportunity"

AAP | THURSDAY, 16 OCT 2003

... Investment Conference in New York. "But I also think it's an opportunity. If that were to happen we would be the only major wealth adviser in the financial sector in Australia that wasn't owned by a bank. "And I could tell you, based on 32 years of experience ...

Macquarie Bank deputy reports retail strategy success

... its bank-wide retail distribution activities, Macquarie had made good progress in targeting the growing Australian retail wealth services market. "Following a $70 million spend during this consolidation period on technology and restructuring changes ...

Far from ancient Mariner sails into port

... flexible," Mr Ireland said. "We are currently designing and developing a suite of market leading products that satisfy both wealth accumulation and retirement needs. Mariner will offer investment by design and innovative solutions through clever partnerships." ...

Industry expert John Nolan joins REST Investment Committee

... delighted to have John join our organisation in this capacity," said REST CEO Neil Cochrane. "John will bring a tremendous wealth of investment knowledge and business strength to our organisation. For many years John has had the best interests of REST ...

AMP details $1.2 billion rights issue as part of demerger

AAP | FRIDAY, 10 OCT 2003

... the demerger by the end of the year. The demerger will create two regionally based entities - AMP Ltd, the Australasian wealth management company and HHG plc - the new name for AMP's UK operations which will include Henderson Global Investors and UK ...

NAB commits to expanding wealth management capabilities

... acquiring the Australian Financial Services business of the AMP, today saying it will continue to invest in the bank's wealth management capabilities in Australia and the United Kingdom. In an update of the group's earnings outlook, NAB also said the ...

Credit Union Services launches Wealth Creation booklet for consumers

Credit Union Services Corporation (CUSCAL) has a new Wealth Creation booklet to join its other publications in its "Take Control" consumer financial education series. CUSCAL explained that Wealth Creation introduces long term strategies used to build ...

New appointment at Advance

... senior product manager at BT for several years. Ms Mieog said she was committed to taking Advance to the next level in the wealth management space. "We are looking at providing our distribution channels with a differentiated proposition - not a 'me too' ...

Banks, resources supported, telcos challenged : Citigroup

AAP | MONDAY, 29 SEP 2003

... double-digit growth levels that have been posted by the sector in recent periods," he said. He said the underperforming wealth management arms were largely an equity valuation issue compared to the banks' mainstream earnings. A hardening interest rate ...

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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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