Search ResultsShowing 1 - 10 of 16 results for "NewCo"
CommSec responds to sale rumours
ELIZABETH MCARTHUR  |  TUESDAY, 17 SEP 2019
... CBA's advice businesses are split across its business bank (CommSec), business bank (Commonwealth Financial Planning)and NewCo (Financial Wisdom). CBA recently offloaded Count Financial to CountPlus for $2.5 million with a $200 million indemnity.
CFSGAM sale clears regulatory hurdles
KANIKA SOOD  |  FRIDAY, 26 JUL 2019
... and entered an agreement with it to sell CFSGAM . The remaining units were to be spun off as a separate entity called "NewCo" which included Colonial First State, Count Financial, Financial Wisdom, Aussie Home Loans and CBA's minority shareholdings ...
New chief at CBA Group Super
ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
... appointment follows an extensive search externally and within the group. Durbin will join CBA Group Super from the group's NewCo where he is currently general manager, strategy. "He has deep specialist knowledge and experience in superannuation, investments ...
CountPlus transfers SMA management
KANIKA SOOD  |  MONDAY, 1 JUL 2019
... Commonwealth Bank said it had entered into an agreement to sell Count Financial , which has 351 advisers and was to be a part of NewCo, to CountPlus for $2.5 million with a $200 million indemnity. It will also, over time, sell its 35.9% holding in Co ...
FSC adds to board
ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... management Alex Wade joined the board along with Challenger chief financial officer Andrew Tobin and chief executive officer of NewCo at the Commonwealth Bank Jason Yetton.
Commonwealth Bank mulls retail advice business sale
KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... CommSec and hence, CAS sit), retail bank (where the salaried advisers under Commonwealth Financial Planning sit) and in NewCo (with Financial Wisdom). On June 13, CBA said it entered into an agreement to sell Count Financial , which has 351 advisers ...
CFS taps senior Qantas Super executive
KANIKA SOOD  |  MONDAY, 3 JUN 2019
... prioritise Royal Commission recommendations, refunding customers and remediating past issues The new company, to be called NewCo, which includes CFS, reported an indicative cash net profit after tax of $147 million for the first half of FY19.
Wealth heavyweights join FSC board
HARRISON WORLEY  |  THURSDAY, 4 APR 2019
... has spent the last six months leading the demerger of CBA's wealth business, having been appointed chief executive of its NewCo entity last October . He previously spent more than 20 years at Westpac and BT Financial Group, including as group executive ...
CBA posts $4.6b in profits, dividend flat
KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... of its advice and service delivery functions, Credit Card Plus, CommInsureLife Insurance, CommInsureLoan Protection and NewCo Indemnity. $245 million is to be spent on remediating banking customers on package fees, and interest and remediation. CBA's ...
CFS tops up Morgan Stanley mandate
KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... Aussie Home Loans and CBA's minority shareholdings in ASX-listed CountPlus and Mortgage Choice - together termed as "Newco." SocietyOne managing director and chief executive Jason Yetton was appointed as NewCo chief executive at October end. CBA's ...
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