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Showing 1 - 10 of 21 results for "Generation Development Group"

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 ...

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
Generation Development Group's (GDG) underlying net profit after tax rose 55% to $11.2 million in FY24. Its subsidiary, Generation Life, chief executive Grant Hackett said FY24 proved to be another year of outperformance for the company, "surpassing ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
Generation Development Group, the parent company of Generation Life, which recently acquired the remaining stake in Lonsec, has reported a $673 million increase in funds under management (FUM) over the last financial year. Generation Life received over ...

Generation Development Group to take over Lonsec

KARREN VERGARA  |  MONDAY, 3 JUN 2024
Lonsec Holdings will have a new parent company as Generation Development Group (GDG) is due to acquire the remaining stake in the research and ratings house. GDG will scoop up an additional 61.9% stake in Lonsec valued at $197.4 million. About $155.4 ...

Generation Development Group nears $3bn

ANDREW MCKEAN  |  TUESDAY, 23 JAN 2024
Generational Development Group (GDG) has reported a 24% increase in funds under management (FUM) from the previous year, reaching nearly $3 billion as of December 2023. In an ASX announcement, GDG also reported FUM growth of $232 million between September ...

Generation Development Group inflows decline, FUM increases

ANDREW MCKEAN  |  TUESDAY, 24 JAN 2023
In an ASX announcement, Generation Development Group (GDG) has reported negative quarterly gross inflows, down 38% on the period prior. GDG's net inflows were $59 million in the December quarter. The business also had $114 million sales inflows. GDG ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
... expected to complete in the first half of this year. Earlier this year, former MLC Wealth and current Generation Development Group chair Rob Coombe was named as chair-elect ahead of the acquisition and has since been working with the business in an external ...

CFS unveils new leadership team

KARREN VERGARA  |  MONDAY, 5 JUL 2021
... 55% of CFS to private equity firm KKR in May 2020. Coombe, who is the former MLC Wealth and current Generation Development Group chair was named chair-elect in March and will take the post once the deal finalises. CBA's divestment is still subject ...

Lonsec appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... Spiers was appointed the chair, replacing former chair Jeff Bresnahan. The executive changes follow Generation Development Group buying a 37% stake in Lonsec for about $20.1 million last year.

Colonial First State names executive chair

JAMIE WILLIAMSON  |  THURSDAY, 18 MAR 2021
... company that will be established on completion of its sale to KKR. Former MLC Wealth and current Generation Development Group chair Rob Coombe has been named as chair-elect ahead of KKR taking over 55% of Colonial First State. The sale is expected to ...
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