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Showing 951 - 960 of 3272 results for "Associate"

Citi expands fixed income offering for wholesale

KANIKA SOOD  |  THURSDAY, 5 NOV 2020
Citi Australia is offering wholesale clients access to high-yield bonds, hybrids and capital notes, as it expands its fixed income services. It said it will also offer access to the instruments via the primary market, adding potential or preferential ...

IOOF unfazed by poor MLC result

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
NAB posted a 37% loss in revenue while MLC Wealth was down around $100 million in divisional cash earnings from last year, though IOOF said the result is broadly in line with its expectations. IOOF is set to acquire 100% of MLC Wealth from NAB for $1.4 ...

Retail super offerings in successor fund transfer

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
The successor fund transfer of another OneVue-administered retail super offering and all its sub-plans is set to commence later this month. Following on from its decision to transfer LESF Super to Smartsave earlier this year, OneVue's Diversa is pushing ...

Climate change greater threat than COVID: Report

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
Climate change is set to have a greater impact on the economy than the COVID-19 lockdowns, according to a new report from Deloitte Access Economics. The report, A new choice: Australia's climate for growth, found if climate change goes unchecked, Australia's ...

Challenger shareholders revolt against remuneration

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
Challenger's company-wide salary freeze wasn't enough to appease shareholders, who delivered a first strike against its executive pay yesterday. Of the total votes cast, 28.25% were against adopting the remuneration report, meaning it was approved ...

VFMC hires State Super investments chief

KANIKA SOOD  |  FRIDAY, 30 OCT 2020
The chief investment officer of the $43 billion State Super has left the role for a new one at the Victoria Funds Management Corporation. Gary Gabriel joined the VFMC investment team on October 26 as its head of the portfolio management. He will lead ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 2020
... 2019 but did not hold a licence. Naseeruddin encouraged investors to move their super and start an SMSF set up by an associate of his. ASIC alleges the funds were transferred to Secure Investments and subsequently a significant amount was transferred ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

QIC hires former Frontier infrastructure head

KANIKA SOOD  |  FRIDAY, 23 OCT 2020
QIC has named a new portfolio manager for its $1.8 billion core infrastructure fund, previously managed by Ross Israel and Matina Papathanasiou. Peter Siapikoudis will manage the QIC Infrastructure Portfolio (QIP). Siapikoudis was most recently a managing ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results. The bank has increased its provisions for customer remediation to $266 million after ...