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AMP reveals new wrap products for three dealer groups

... products are the PortfolioCare eWRAP - for the Hillross Financial Services dealer group, Rhapsody eWRAP - for the Arrive Wealth Management dealer group, and Carta eWRAP - for the new MAGNIFY Financial Planners dealer group. The products were developed ...

NAB on track for cash EPS forecast

WITH AAP | TUESDAY, 2 SEP 2003

... the bank's recent raid on AMP Ltd did say that NAB would continue to actively pursue all opportunities to build on the wealth management platform following the acquisition of MLC in 2001. He said that acquisition had transformed NAB from an international ...

ACCC to target property investment marketing exercises

WITH AAP | TUESDAY, 2 SEP 2003

... and dad investors and superannuants are being pressured into joining property investment programs that promise massive wealth through property investment," ACCC chairman Graeme Samuel said. "But the investors seem often to end up only with large debts ...

Challenger acquires independent mortgage financier

... Packer, chairman of Challenger. "Interstar is viewed as a long-term investment and fundamental to building shareholder wealth for Challenger's investors." Challenger's chief executive officer, Chris Cuffe said that Interstar and its management team had ...

Morningstar appoints Justin Walsh as head of research for Australia

... leading role in our provision of cutting-edge research products and services to help advisers with Australian investors' wealth management. We also warmly welcome the contributions he'll make to the senior management team at Morningstar." Mr Walsh was ...

Suncorp announces $384 million net profit

... result for the banking business," Mr Mulcahy said. Excluding extraordinary items, however, pre-tax profits of Suncorp's wealth management division fell 18% to $41 million in the full year. Suncorp cited a difficult business environment, and a slowdown ...

S&P comment on Suncorp-Metway financial result

... improved profit contribution, a continued very low level of non-performing assets, and a stronger bank-only capital position. "Wealth management operations showed a solid result in what has been a very difficult operating environment for the sector," ...

John Fairfax leaves Westpac Board

... to serve, had been a privilege. Mr Davis thanked Mr Fairfax for his significant contribution to Westpac. "Mr Fairfax's wealth of business experience across a number of industries has meant he has brought a valuable perspective to the board," Mr Davis ...

AXA lifts H1 profit 114% to $287 million

... non-recurring items of $287 million in the six months to 30 June, helped by a 13% rise in operating earnings of the group's wealth management business. The overall result was up 114% on the $134 million net profit posted in the corresponding period of ...

Macquarie & E&Y launch charity establishment framework

Macquarie Private Bank and Ernst & Young will tonight launch their joint project, The Art of Giving, which allows individuals and corporations to streamline the establishment of Private Charitable Foundations as well as facilitating the donation of ...

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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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Blake Briggs

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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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