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Showing 951 - 960 of 3937 results for "Feb"

Citi moves to double wealth business revenues

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Citi Australia has opened a wealth hub in Sydney to cater to a larger high-net-worth client base. Citi said the move will support its goal to double the revenue of its wealth management business over the next three years. The new wealth hub is in Citi's ...

Quasi-mergers in APRA's sights

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
The prudential regulator has acknowledged concerns over "quasi-mergers" raised by Senator Andrew Bragg. In a letter provided to Financial Standard, Bragg contacted APRA in February to express concerns over the "quasi-merger" between Maritime Super and ...

AMP Capital Ethical Leaders dropped by another super fund

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
Another super fund has axed AMP Capital Ethical Leaders Balanced Fund as the sole manager of its socially responsible option, citing liquidity concerns and negative press. Mercy Super has made the decision to drop AMP Capital Ethical Leaders as the ...

OpenMarkets raises $10m, moves up ranks

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
OpenMarkets is set to list later this year, having secured $10 million in a pre-IPO fund raise as it overtook CMC Markets as second-largest retail broker in Australia. Now trailing only CommSec, OpenMarkets says feedback from investors in the oversubscribed ...

Mainstream to be acquired for $170m

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Mainstream has announced it entered a scheme of implementation deed with Vistra to acquire 100% of the company for an implied value of $170 million. The offer of $1.20 per share represents a 300% increase over Mainstream's share price at IPO in October ...

Aware Super, Macquarie to acquire Vocus

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
Vocus Group is set to be acquired by Aware Super and Macquarie Infrastructure and Real Assets (MIRA), with Vocus confirming it has entered a $4.5 billion agreement with the consortium. The Vocus board has unanimously recommended shareholders accept ...

Chief economist update: Getting hot, hot, hot

BENJAMIN ONG  |  MONDAY, 8 MAR 2021
Crude oil remains hot with prices soaring to 14-month highs. This year to date, the price of Brent oil has surged by 30.5% to US$66.85 per barrel and that of the WTI soared by 31.2% -- more than making up for the full-year 2020's loss of 24.4% and ...

US upbeat on stimulus, vaccination

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
The US is betting that a combination of the stimulus package and COVID-19 vaccinations will lead to full economic recovery by the end of the year, according to a leading economist. Capital Group economist Darrell Spence is optimistic that by September ...

Former Clime investment chief nabs new role

ELIZABETH MCARTHUR  |  THURSDAY, 4 MAR 2021
Clime's former chief investment officer, who sued Clime and its chief executive Rod Bristow, has moved to MLC Asset Management's multi-asset team. Anthony Golowenko has been appointed portfolio manager in the multi-asset capital markets research ...

ASIC takes action against Rest

JAMIE WILLIAMSON  |  TUESDAY, 2 MAR 2021
The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading and deceiving members in relation to switching super funds. ASIC has taken Federal Court action against Rest for false or misleading representations ...