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Showing 1 - 10 of 22 results for "GDG"

Generation Life reports cyber attack

KARREN VERGARA  |  TUESDAY, 28 APR 2026
... immediately implemented and there was minimal disruption to its operations," parent company Generation Development Group (GDG) said. "While this unauthorised access occurred through a third-party service provider, it was detected quickly by Generation ...

GDG reports record FUM growth, eyes stronger second half

MATTHEW WAI  |  WEDNESDAY, 25 FEB 2026
Generation Development Group (GDG) saw strong returns across all its business lines in the six months to 31 December 2025, with net profit after tax growing 63% to $20.1 million in the period. The group is now targeting even better performance in the ...

GDG awards Hackett big pay day

ELIZA BAVIN  |  THURSDAY, 15 JAN 2026
Generation Development Group (GDG) chief executive Grant Hackett could be earning $3.3 million a year, should he meet all short- and long-term incentives, reflecting the firm's growth and success. As part of his updated remuneration arrangements ...

GDG hires chief financial officer

KARREN VERGARA  |  TUESDAY, 23 DEC 2025
Generation Development Group (GDG) has appointed a new chief financial officer as the incumbent steps down after more than seven years. Terence Wong has resigned from his role as finance chief and will stay with the company until June 2026. Wong joined ...

Evidentia names chief risk, operating officer

KARREN VERGARA  |  WEDNESDAY, 20 AUG 2025
... Lonsec Investment Solutions and Implemented Portfolios merged to form Evidentia Group following Generation Development Group's (GDG) acquisition of the Lonsec Group in August 2024. GDG then acquired Evidentia for $320 million in February 2025. Michael ...

Evidentia assembles inaugural executive leadership team

ANDREW MCKEAN  |  TUESDAY, 1 JUL 2025
... Solutions and Implemented Portfolios - previously part of Lonsec Group, which was acquired by Generation Development Group (ASX: GDG) in August. Evidentia which was added to GDG's fold in February. Former Evidentia chief investment officer Troy Swann ...

BlackRock takes stake in Generation Life parent company

ANDREW MCKEAN  |  THURSDAY, 8 MAY 2025
BlackRock will acquire a minority stake in Generation Development Group (ASX: GDG), forming a strategic partnership with its retirement income subsidiary Generation Life to "set a new standard for managing longevity and sequencing risk." Joint working ...

GDG sees profits soar $74m

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
Generation Development Group (GDG) saw net profit after tax jump to $78.9 million in the half year to December 31, up from $4.4 million in the prior corresponding period. The massive jump in profit comes after GDG completed its acquisition of Lonsec ...

Generation Development Group buys Evidentia

MATTHEW WAI  |  MONDAY, 10 FEB 2025
Generation Development Group (GDG) will acquire 100% of Evidentia Group for $320 million, as it looks to grow its foothold in the managed accounts space. The transaction will be partly funded by a fully underwritten equity raising of approximately $287.9 ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
Generation Development Group (GDG) has reported record growth in the September quarter with its funds under management (FUM) now nearing $3.6 billion on the back of major inflows. GDG's FUM is up 33% - close to $1 billion - on the prior corresponding ...
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