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Showing 1 - 10 of 19 results for "BFS"

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 ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... and financial advice, and cash management, private banking and stockbroking businesses under Banking and Financial Services (BFS). It services more than one million customers. The division's fees and commissions dipped from $472 million to $466 million ...

Macquarie Funds Group rebrands, increases FUM by $30 billion

ALEX BURKE  |  WEDNESDAY, 18 FEB 2015
... countries. Macquarie's other "annuity-style businesses" - Corporate and Asset Finance (CAF) and Banking and Financial Services (BFS) - also reported modest growth in key areas: lending and asset portfolio size grew by $1.5 billion in the quarter to 31 ...

Macquarie Bank names managing director

MARK SMITH  |  FRIDAY, 2 MAY 2014
... director and chief executive Greg Ward will remain as the group's deputy MD and head of the banking and financial services (BFS) division. He also continues as a member of the executive committee. Ward was appointed managing director and chief executive ...

Macquarie posts mixed results

ELISE BURGESS  |  FRIDAY, 28 OCT 2011
... profit of $137 million while Macquarie Group suffered a 24% profit decline. The Macquarie Banking and Financial Services Group (BFS) said this result was in line with the prior corresponding period and the prior half, with its on-balance sheet cash deposits ...
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