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Former Morgan Stanley chief to join Westpac board
HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
... Association. Seale joins Westpac's board after stints as a director at Bank of Queensland, Ramsay Health Care, and Penguin Random House Australia, where she was a non-executive director before chairing the organisation. She currently serves as a director ...
Sydney's latest high net-worth individual
HARRISON WORLEY  |  FRIDAY, 18 JAN 2019
... is a healthcare professional - said she randomly decided to purchase an entry on Wednesday, and marked her entry with random numbers. Now, she's more than $107 million richer, after her prize was boosted by the number of entries in the draw. "I just ...
Chief economist update: Wall Street in drunken sailor's shadow
BENJAMIN ONG  |  MONDAY, 26 NOV 2018
The ups and downs in US equities over the past weeks reminds me of the book, "A Random Walk on Wall Street", authored by Princeton University economics professor Burton Malkiel back in 1973, which posited that: "...short run changes in stock prices ...
Random questions forge deep connections
HARRISON WORLEY  |  WEDNESDAY, 10 OCT 2018
... deeper connections with clients. At a dedicated session, first time delegates were asked to meet new people by finding "random common ground." Facilitating the session, Next Evolution Performance chief executive Vanessa Bennett said the goal of the activity ...
CBA, ANZ told to clean up superannuation distribution
KANIKA SOOD  |  FRIDAY, 6 JUL 2018
... "While we are confident our staff members have been following a robust compliance process, which has been confirmed through random customer surveys, we acknowledge ASIC's concerns that customers may have regarded this as personal advice, and have ...
Don't blame ETFs: Spot poll
KARREN VERGARA  |  MONDAY, 19 FEB 2018
... index funds' share of fund assets has consistently grown, market standard deviation has risen and fallen in a seemingly random pattern and dispersion among the stock market's securities has remained somewhat constant except for the tech bubble and the ...
Active the best way forward for super: Research
DARREN SNYDER  |  MONDAY, 23 OCT 2017
... markets were static - but it's widely known this is not the case. "The real world and real investment markets are neither random nor static. The real economy and markets may best be described as complex," he said. "If managers are performing consistently ...
AMP launches LIF-ready resource
KARREN VERGARA  |  WEDNESDAY, 20 SEP 2017
... regulator to provide greater transparency and certainty in the methodology of how it will be conducted. This should include a random and targeted sample of life insurance advice, in addition to an improved analysis on the causes of poor advice, "so that ...
AMG CEO says alpha is all about people
ALEX BURKE  |  FRIDAY, 18 NOV 2016
... manager selection. "Even these days, most boutique strategies are large cap US equity strategies. If we just picked up a random set of boutiques, they'd mostly be US equity managers," he said. "But if you look at alpha-oriented firms, you're really looking ...
InvestmentLink developing real-time compliance product
KERRIE SYDEE  |  MONDAY, 9 MAY 2016
... give advisers a complete and ongoing audit of client portfolios, and will do away with the need for onsite periodical or random auditing: "Not only will Halcyon offer a streamlined cost effective compliance solution, it has the potential to end the reputational ...
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