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ASIC chief executive to depart

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... holds with the CDPP, which is core to our enforcement work." Longo said Day's secondment to the CDPP comes as ASIC enters the next phase of its transformation. ASIC executive director of regulation and supervision Greg Yanco will be appointed as ASIC's ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... book growth in the near term. In the current conditions we do not anticipate a major change from this strategy," she said. Next year, AMP Bank will launch a new digital small business banking offering in a bid to address funding constraints and diversify ...

Mercury Capital acquires KKR's stake in Findex

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... Australia and New Zealand, Games added that this partnership will help the company achieve its goal to triple in size over the next five years. Mercury Capital founder and chief executive Clark Perkins said the firm was attracted to Findex's "unmatched ...

Why fund managers are missing out on investment mandates

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... those surveyed, 92% expected the level of compliance breaches and risk profile of their organisation to increase over the next 24 months with 24% predicting a dramatic increase. Ocorian's survey revealed another concerning factor: that 90% of alternative ...

Foreign investors optimistic about Australia

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... Confidence Index (FDICI). The survey, which reflects investor sentiment regarding foreign direct investment (FDI) flows in the next three years, showed continued investor optimism for more Asia Pacific (APAC) markets as well as the strength of Southeast ...

ETF market to soar 30%: State Street

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... accessibility to active ETFs. Further, many investors indicate that they will increase portfolio allocations to ETFs over the next two to three years. In terms of innovation, the first spot Bitcoin ETF launched in the US with much anticipation with the ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... approvals and a depressed construction pipeline. Consequently, the government's goal to construct 1.2 million new homes over the next five years will be "a challenge to achieve." "With supply constrained and underlying demand still strong, the housing ...

Nest appoints interim chief executive

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
... and develop. "The organisation has a unique and purposeful place in the sector and I'm looking forward to supporting the next phase of its future," he said. Cornelius will also join Nest's board and take on the role of accounting officer. The board of ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... interviewed believe their market was over-regulated, but despite this 85% believed the level of regulation would increase over the next five years. When it came to their organisation adhering to regulations in the different jurisdictions they operate ...

Macquarie executive to become chief product officer at BT

JAMIE WILLIAMSON  |  WEDNESDAY, 3 APR 2024
BT has appointed a longstanding Macquarie executive as its next chief product officer, replacing Kathy Vincent. Annabelle Kline will take over as BT's chief product officer in May. She will be responsible for leading the platforms business, comprising ...
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