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Showing 941 - 950 of 4381 results for "Commonwealth"

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia. There are about 18 financial advisers in the team who collectively manage around $4 billion on behalf of clients. Both ...

Northern Trust tests waters for ETFs

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
... $400 billion in assets under custody and prime contracts for many not-for-profit funds such as Future Fund, QIC, Commonwealth Superannuation Corporation (CSC), Government Employees Superannuation Board (GESB), New Zealand Superannuation Fund and in a ...

First Sentier hires Nikko executive

KANIKA SOOD  |  TUESDAY, 17 SEP 2019
... worked at Deutsche Asset Management Asia as a director, head of asset management operations for Asia Pacific ex Japan. Commonwealth Bank sold CFSGAM to Japanese banking giant MUFG Group last year for over $4 billion. The sale cleared all regulatory hurdles ...

CommSec responds to sale rumours

ELIZABETH MCARTHUR  |  TUESDAY, 17 SEP 2019
... Ord Minnett was asked to tender for the business along with a handful of wealth managers including Morgan Stanley. Commonwealth Bank responded to Financial Standard's enquiry, with a spokesperson saying: "We are currently reviewing a number of options ...

CFSGAM picks new name, updates on CBA separation

KANIKA SOOD  |  MONDAY, 16 SEP 2019
... distinguish itself from Colonial First State and will gradually be executed overseas. The offices have moved from Commonwealth Bank's Darling Park premises to Tower Three in Barangaroo. CFSGAM has $223 billion in assets under management across long-only ...

Northern Trust hires from State Street

KANIKA SOOD  |  TUESDAY, 3 SEP 2019
... with an 11.5% share of Australia's total custody assets and prime government clients such as Future Fund, QIC, Commonwealth Superannuation Corporation (CSC), Government Employees Superannuation Board (GESB), New Zealand Superannuation Fund. Its custody ...

AMP hires head of whistleblowing

ELIZABETH MCARTHUR  |  MONDAY, 2 SEP 2019
... pumps $100 million into its governance, risk and controls. Anne-Marie Paterson steps into the role, joining AMP from Commonwealth Bank where she was the executive manager and whistleblower investigation officer. Prior to joining Commonwealth Bank, Paterson ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
... Paragem gained from Westpac's exit, a further 147 former Westpac advisers have so far failed to join another licensee. Commonwealth Financial Planning shed 213 advisers, while Count Financial - recently sold to CountPlus - lost 74. Godfrey Pembroke dropped ...

CountPlus' 100-day plan for Count Financial

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
CountPlus' acquisition of Count Financial from the Commonwealth Bank has been completed for a fee of $2.5 million - and CountPlus is confident its new business will return a first year profit. CountPlus acquired 85% of Count Financial with the 15% balance ...

CommInsure sale stalls, sold for discount

KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing ...