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Showing 921 - 930 of 3463 results for "Stake"

Magellan offloads GYG stake

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
Magellan Financial Group has sold its 11.6% stake in Guzman y Gomez to a Barrenjoey Capital Partners entity for $140 million so it can focus on funds management. According to an ASX statement, Barrenjoey intends to seed an investment trust comprising ...

Pension fund sues Elon Musk, Twitter

JAMIE WILLIAMSON  |  MONDAY, 9 MAY 2022
... said. Morgan Stanley and Dorsey are also major shareholders in Twitter at 8.8% and 2.4% a piece. Combined with Musk's 9.2% stake, this meant he effectively held more than 15% of the company when mounting his bid, requiring the merger be delayed by three ...

Cbus executive named ESSSuper chief

JAMIE WILLIAMSON  |  FRIDAY, 6 MAY 2022
Following the exit of Mark Puli in January, ESSSuper has named its new chief in Cbus group executive Robbie Campo. Campo will assume the top job at the $35 billion government fund in July. She was appointed following an extensive recruitment process ...

MLC Life Insurance joins forces with Insignia Financial

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
The new claims experience will provide members with greater choice in how they lodge and track their claim. It will also enable submissions to be assessed sooner. From today, MLC MasterKey and Plum Super members insured by MLC Life Insurance will be ...

AIST adds to executive leadership

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
The former regional head for AustralianSuper in the UK has joined the Australian Institute of Superannuation Trustees as general manager, memberships and partnerships. Trish Curry has been appointed to the role. Curry brings 25 years of superannuation ...

Schroders RF names distribution lead

JAMIE WILLIAMSON  |  MONDAY, 2 MAY 2022
... role, having also previously held positions with BNP Paribas, Credit Suisse, RBS and Keren Capital. "Having acquired a 50.1% stake of Schroders RF in July 2021 and now with almost $500 million AUM, Schroders RF is a core element of Schroders Australia's ...

The transforming role of the trustee

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... members. He also added that it's important for trustees to understand their limitations and comprehend the reputational risk at stake. But what of the chair's incumbent responsibility to manage and nurture fellow directors? Vanguard Super chair Peggy ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... Besides building strong foundations for economic recovery to come, Swan said superannuation "gave every Australian a real stake in our nation." "Our superannuation system is a major source of social stability that is highly beneficial to our democracy," ...

AMP offloads remainder of Collimate Capital

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
AMP will sell Collimate Capital's international infrastructure equity business to DigitalBridge Investment Holdco for $700 million. DigitalBridge Investment Holdco is a wholly owned subsidiary of DigitalBridge Group, a Florida-based private equity and ...

ASX seeks to improve investment products offering

CHLOE WALKER  |  THURSDAY, 28 APR 2022
A newly released consultation paper from the ASX suggests changes to the existing rule framework may be needed to better serve investor needs, including the merger of AQUA and Warrant Rules. Releasing the paper yesterday, the ASX said it wants to provide ...