Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 29 results for "ME Board"

Clime avoids board spill

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
Clime Investment Management has avoided a board spill that was brought about by its former chair and a substantial shareholder. Major shareholder Torres Industries, which is associated with former Clime chair Don McLay, attempted to oust directors John ...

Most trustees pass Canva valuation test: APRA

KARREN VERGARA  |  MONDAY, 4 SEP 2023
Most superannuation funds are appropriately valuing their investments in Canva, according to APRA, which used its high-profile and whipsaw valuation in 2022 to see if they are abiding by its unlisted asset valuation requirements. Canva was at the forefront ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
Clime Investment Management's statutory net profit after tax (NPAT) slid 47% on the back of integration costs and investors won't receive an interim dividend, as it plans for more M&A activity. Clime's NPAT has slid to $236,000 from $445,000 in its ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
Superannuation trustees have a lot of work to do when it comes to complaints handling, ASIC says. A new report from the regulator has found some superannuation trustees have sub-standard arrangements for managing complaints. The finding is based on ...

Frontier appoints new chair

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
After eight years in the role, Gabriel Szondy has retired as chair of the asset consultant, replaced by a superannuation industry veteran. Szondy joined the board of Frontier in 2008 and has served as chair since 2014. Effective today, he no longer ...

Datt Capital lashes board nominees

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
Datt Capital has taken aim at Selfwealth and encouraged shareholders to vote against all proposed resolutions at the upcoming extraordinary general meeting, claiming they "equate to a takeover by stealth". Datt Capital, which owns close to 10% of Selfwealth ...

APRA moves to force EISS Super merger

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
Protecting members' best interests, APRA has imposed additional conditions on EISS Super's licence - including that it must merge with a larger fund by the middle of next year. The move follows APRA's investigation into expenditure and governance ...

Mercer superannuation executive resigns

KARREN VERGARA  |  FRIDAY, 17 SEP 2021
A long-serving Mercer superannuation executive has left the firm to focus on board directorships. Jo-Anne Bloch was most recently a senior partner and head of superannuation services at Mercer, a role she held for less than a year. In her early years ...

Madison delivers for Clime one year on

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
One year after it was acquired, Madison Financial Group has helped boost the performance of parent company Clime Investment Management. Madison, which Clime acquired in June 2020, contributed $3.6 million to the group's FY21 revenue. Madison now has ...

Further board changes at Clime

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
Clime Investment Management has announced a board resignation and two new appointments after welcoming a new chair earlier this month. Allyn Chant has resigned from the board as non-executive director, with Peter Beaumont and Brett Spork appointed as ...
PAGE:
1
PREVIOUS
NEXT