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| | | The Australian share market has received mixed leads from overseas, with Wall Street securities and copper closing down on Friday, while precious metals up and oil were higher. At 0717 AEDT on the Sydney Futures Exchange, the December share price index ... |
| | | | Another international bank is divesting its wealth management business to focus on its core business as Commerzbank sells its UK wealth management division, Kleinwort Benson, to RHJ International. RHJ International owns Kleinwort Benson Channel Islands ... |
| | | | The Australian sharemarket rallied to a one-year high in intra-day trading on Thursday, boosted by a strong offshore lead which lifted the local banking sector. By 1200 AEDT, the benchmark S&P/ASX200 index was up 51.3 points, or 1.06 per cent, at 4,882.4 ... |
| | | | Trust Company has finalised a strategic review of their business, which has led to a renewed focus on developing the firm to be the leading trustee in the market. The strategic review, which was flagged in April this year and conducted by John Aitkin ... |
| | | | The $13 billion HESTA is taking a new approach to measuring and remunerating Aussie equities fund managers by making them accountable for the tax implications of their decisions. According to a press statement by HESTA, the fund would be the first super ... |
| | | | Perpetual has hired former Aviva Queensland state manager, Dermot Lindsay, as state manager in its Private Clients division in same state. Lindsay joins Perpetual after working at Aviva and, prior to that, in the same role at IOOF. He said he wants ... |
| | | | The Australian sharemarket is expected to open higher after Wall Street's main index breached the 10,000 point mark on better-than-expected corporate earnings reports. At 0725 AEDT on the Sydney Futures Exchange, the December share price index contract ... |
| | | | Challenger Managed Investments has changed the investment manager of its Asian and China funds from Halbis Capital Management to Five Oceans Asset Management, resulting in a revised investment strategy. Challenger bought HSBC's asset management division ... |
| | | | Cuesuper, Combined Fund and Pinnacle Superannuation have poured a collective $66 million into the Pengana Global Bond Fund. The three Melbourne-based superannuation funds have allocated the mandates over the past three months, with Combined Fund allocating ... |
| | | | Ipac has appointed $700 million mandates with GMO and Lazard as part of its Australian equities portfolio overhaul. Multi-manager ipac is rehashing its $4 billion Australian equities portfolio with new 'tailored mandates' that allow active managers ... |
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