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Showing 921 - 930 of 7577 results for "Deal"

GBST acquires WealthConnect platform

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
... DeDominicis plans to grow the business both organically and through strategic acquisitions, such as the recent WealthConnect deal. However, GBST's immediate priority is integrating the newly acquired platform and ensuring its clients gain a comprehensive ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
... since early 2021. MA Financial said the purchase is expected to be earnings neutral in this financial year. It added that the deal complements its existing Global Credit Solutions platform which accounts for more than half of MA Financial's $2.5 ...

Citi awarded custody mandate by Mason Stevens

ANDREW MCKEAN  |  MONDAY, 1 MAY 2023
... experienced significant growth in recent years, particularly in the wealth platform and funds management sectors. "With a great deal of experience, honed over the past couple of years, Citi's ambition is to provide certainty for clients by ensuring ...

Australian Retirement Trust names risk heads

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
Australian Retirement Trust has promoted two people to more senior roles within the risk function. The $240 billion super fund has promoted Nick Horn to head of investment risk and Bridget Piggott to head of risk. Horn will report to Anne Browne as ...

Wingate launches third credit fund

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... $200 million senior warehouse funding facility with Goldman Sachs specifically for private construction debt. The latest deal complements the Wingate residual stock warehouse facility, provided by Goldman Sachs in March 2022, Wingate property joint managing ...

Wendy Norris quits Future Fund

ELIZABETH FRY  |  MONDAY, 1 MAY 2023
The Future Fund will need to reshuffle its investment team after the sudden resignation of the deputy chief investment officer. Deputy chief investment officer of change and Innovation Wendy Norris has quit Australia's sovereign wealth fund after ...

Lazard to reduce workforce by 10%

JAMIE WILLIAMSON  |  MONDAY, 1 MAY 2023
Lazard is slashing its global workforce by 10% this year to save on costs amid a lack of deal activity. In a quarterly update, Lazard said it has already commenced the initiative, with US$21 million spent on the plan in Q1. It said it anticipates the ...

High returns flow from water rights

CHLOE WALKER  |  THURSDAY, 27 APR 2023
As La Niña dries up, local water entitlement deals are flowing in. The esoteric asset, held mainly by irrigators, is seldom known by the investing public, however after three consecutive years of heavy rainfall, many say there's never been a better ...

Perpetual progresses Pendal integration

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... $20 million in synergy benefits that can be realised by January 2025. This brings total net synergies expected out of the deal to $80 million. The update comes as Perpetual reports a 4% increase in assets under management since 31 December 2022. They ...

US platform bids for Yieldbroker

JAMIE WILLIAMSON  |  THURSDAY, 27 APR 2023
... counterpart over a potential sale. New York-based Tradeweb Markets is in advanced discussions to by Yieldbroker under an all-cash deal valued at $125 million. The ASX, as a significant shareholder, would see about $55 million of this after costs. In ...