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Showing 1 - 10 of 146 results for "Services division"

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... and Macquarie announced they will bar InterPrac advisers from their platforms. Sequoia's licensee and adviser services division both await their fate. Already, head of licensee and adviser services Daryl Stout resigned effective February 17 via "mutual ...

Equity Trustees places superannuation arm under review

JAMIE WILLIAMSON  |  THURSDAY, 19 FEB 2026
... announcement this morning, Equity Trustees said it is reviewing the strategic direction of its Superannuation Trustee Services division. The group said its results were impacted by costs associated with the Shield and First Guardian matters. So far it ...

Perpetual hit by $7.8bn net outflows in Q2

ELIZA BAVIN  |  THURSDAY, 29 JAN 2026
... administration (FUA) grew to $1.31 trillion as of 31 December 2025, up 2.1% on the September quarter. The debt market services division was up 2.8% on the previous quarter to $733.6 billion FUA, the managed fund services division was up 1% to $580.5 ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
Sequoia Financial Group's embattled licensee and adviser services division flagged it is currently making healthy earnings but expects to take a hit from the First Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
... Capital." Meanwhile, MSC Abacus general manager Sachin Tokhi said: "Through MSC Abacus, our specialist fund services division, we provide end-to-end fund administration, registry and accounting solutions, which can be delivered on a white-labelled or ...

Local custody assets hit record $5.6tn

JAMIE WILLIAMSON  |  FRIDAY, 22 AUG 2025
Custodians' asset pools grew by 3% in the first half of the year, with HSBC's securities services division recording the largest jump. Statistics from the Australian Custodial Services Association (ACSA) show total assets under custody held on behalf ...

Bell Financial reports 44% slump in profit

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
... year to $21.1 million, while NPAT was $4.5 million, up 9.8% on the prior corresponding period. Th products and services division reported revenue of $25.2 million, up 10% year on year, while NPAT was $7.6 million, up 22.6%. This unit comprises Bell Direct ...

K2 appoints chief executive, wins mandate

KARREN VERGARA  |  WEDNESDAY, 29 JAN 2025
... joined the ASX-listed firm in 2000. Prior to K2, she worked at PwC within its assurance and business advisory services division. Campbell Neal has been the managing director and chief executive since the formation of K2 in 1999. He currently serves as ...

Sequoia ends FY24 with 350 advisers

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... year for Sequoia at an industry level and in-fighting within its management ranks, the licensee and adviser services division managed to report a 27% rise in revenue and operating profit growth of 91%. Sequoia liquidated its troubled advice firm Libertas ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
... is expected to complete in mid-2025. The new business would sit within the existing Investment & Protection Services division of BNP Paribas. "AXA Investment Managers has been a homegrown success story for the AXA Group... we have built an exceptional ...
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