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Showing 921 - 930 of 2369 results for "Merger"

Industry funds a bright spot for advisers

ELIZABETH MCARTHUR  |  MONDAY, 16 MAR 2020
More than 750 financial advisers have left the advice sector in the last three months, but industry superannuation funds are recruiting. In the three months to today, 757 financial advisers have dropped off the ASIC Financial Adviser Register. During ...

Willis Towers Watson, Aon to merge

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2020
Following weeks of speculation, the two entities have confirmed a merger will go ahead. Aon and Willis Towers Watson have announced a definitive agreement to merge operations in an all-stock transaction with an implied combined equity value of about ...

Jamie Dimon recovering after emergency heart surgery

ALLY SELBY  |  MONDAY, 9 MAR 2020
... continued to lead the bank while undergoing chemotherapy. Dimon has led JPMorgan since the end of 2005, after the bank's merger in 2004 with Bank One. Following the US housing bubble, JPMorgan emerged as the biggest bank in the US, and would later become ...

Vanguard insto head jumps to super fund

KANIKA SOOD  |  FRIDAY, 6 MAR 2020
... process of merging with VicSuper, with an effective date of July 2021. WA Super last year considered a failed three-way merger with Statewide Super and Tasplan.

Boutique dealer groups merge

ELIZABETH MCARTHUR  |  FRIDAY, 6 MAR 2020
... merge, in a move impacting 80 financial advisers. Aura executive director Andrew Coloretti told Financial Standard that the merger was driven by a desire from both groups to achieve economies of scale. "We were also attracted to accessing enhanced technology ...

First State Super and WA Super in merger talks

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
First State Super and WA Super have said they are exploring the benefits to members of a merger, in a move that would create a $109 billion fund. The funds have signed a Memorandum of Understanding and will enter due diligence, with the process expected ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
Major Queensland superannuation funds QSuper and Sunsuper are a step closer to a merger, signing a Memorandum of Understanding to undertake exclusive due diligence to explore a merger. The agreement comes around four months after the two super funds ...

Long-time IOOF director steps down

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
A member of IOOF's board has stepped down after a decade and a half as a director of the wealth manager. IOOF has announced the retirement of former PWC partner Jane Harvey, who steps down from the board after 15 years. However her retirement is set ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
... with the transaction designed to preserve its financial strength and stability allowing further growth and innovation. The merger of operations will significantly deepen Franklin Templeton's presence in key geographies and create an expansive investment ...

Australian ETF industry competition heats up

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
Australia's ETF industry has become more competitive over the years but is still moderately concentrated to a few players, according to new analysis from Rainmaker. Rainmaker head of investment research John Dyall calculated the Herfindahl-Hirchman ...