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Showing 1 - 10 of 23 results for "BFS"

Macquarie sees 'substantially' higher profits

ELIZA BAVIN  |  TUESDAY, 10 FEB 2026
... credit portfolio was up 12% to $28.9 billion, including a $5.7 billion deployment in Q3. The banking and financial services (BFS) division also saw net profit contribution slightly up on the prior quarter, driven by volume growth in the loan portfolio ...

MUFG Pension & Market Services awards tech mandate

KARREN VERGARA  |  WEDNESDAY, 15 JAN 2025
MUFG Pension & Market Services (MPMS) has awarded Tata Consultancy Services (TCS) a mandate to help transform its retirement solutions business. The Memorandum of Understanding (MOU), in the new partnership, outlines joint initiatives in product development ...

Macquarie reports $1.6bn net profit

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... realisations in Macquarie Asset Management and further progress in the digitalisation programme - in Banking and Financial Services (BFS) - which reflected the benefits of the organisation's diverse business mix. Macquarie's "annuity-style activities" ...

Macquarie Group profits falls 32% to $3.52bn

ANDREW MCKEAN  |  FRIDAY, 3 MAY 2024
... proven risk management framework and culture," she said. Annuity-style operations led by MAM, Banking and Financial Services (BFS), and select Commodities and Global Markets (CGM) segments reported a combined net profit of $3 billion, a 27% decrease ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... deployment after new equity raising of $6.7 billion and investments totalling $6 billion. Banking and Financial Services (BFS) reported a 3% increase in total deposits to $135.6 billion. The home loan portfolio rose 3% to $117.9 billion, and funds on ...

Macquarie profits boosted by commodities

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... credit, futures and equities. It further reported that Macquarie Asset Management (MAM) and Banking and Financial Services (BFS) combined net profit contribution was substantially down on the prior corresponding period. "This was partially offset by ...

Colonial First State partners with Bravura, Tech Mahindra

CHLOE WALKER  |  MONDAY, 24 OCT 2022
Colonial First State (CFS) is making significant changes to the FirstChoice platform, entering a strategic partnership with Bravura Solutions and Indian IT company Tech Mahindra. The partnership marks the next stage of its ongoing $430 million transformation ...

Macquarie asset management business down

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUL 2019
... (CAF) was down due to reduced loan volumes and realisations in CAF principal finance; and banking and financial services (BFS) was broadly in line." Macquarie AM closed the quarter with $552.7 billion in AUM, up 2% from the previous quarter. Its banking ...

Federal Court rules partly in favour of DomaCom

HARRISON WORLEY  |  TUESDAY, 14 AUG 2018
A Federal Court ruling on a potential breach of the Sole Purpose Test has been termed a "milestone" for the SMSF industry, however there are still hurdles to clear before sub-funds are not considered in-house assets or related trusts under the SIS (Superannuation ...

Macquarie merges private wealth businesses

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... proportion of its private wealth business. The announcement was made by Macquarie's Banking and Financial Services group (BFS), which also looks after retail banking activities. The gearing towards HNW investors in the bank's private wealth and banking ...
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