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J.P. Morgan rolls out global accounting services
ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
... reporting capabilities. Head of product development, Securities Services, Australia and New Zealand Tim Helyar told Financial Standard the rollout has been a big development for the group. "In the last six months we've reached a point where the requirements ...
ASIC cleans up 'cash plus' funds
KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
... cash or cash equivalents, and actually fixed-income securities and mortgages. ASIC did not name any funds, but Financial Standard previously reported Vanguard, Western Asset and UBS are among the managers who have dropped the 'cash plus' or 'enhanced ...
Count Financial adds member firm
ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
Count Financial has expanded its member network with Sydney-based financial advice firm Small & Gunn joining its licence. Small & Gunn completed the transition to Count Financial in just a six week period after seeking a forward-looking licensee to ...
Lifespan adds MDAs to BT Panorama
KANIKA SOOD  |  TUESDAY, 22 SEP 2020
... been concerned that MDAs' popularity may be driven by a desire from financial advisers hoping to earn fees, Financial Standard reported in September 2019. IMAP in March this year said it is does not expect ASIC to take regulatory action regarding MDAs ...
Westpac hires consumer chief executive
ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
... engineering, product development, digital ecosystem and investment in new technologies. He previously spent 13 years at Standard Charted Bank where his last role was global head of retail products and digital where he has oversight of the strategy, development ...
Cbus chief technology officer departs
ELIZABETH MCARTHUR  |  MONDAY, 21 SEP 2020
... the fund and wish him well in his next endeavours," a spokesperson for the fund said. In July, Pickering told Financial Standard that under his leadership the fund had been working to bring all of its third party digital assets in-house with the aim ...
Amnesty unearths $588m unpaid super
KARREN VERGARA  |  MONDAY, 21 SEP 2020
... Jane Hume, Assistant Minister for Superannuation, Financial Services and Financial Technology, confirmed to Financial Standard that 393,000 workers will benefit from the initiative. Using the ATO's data, some 17,000 (55%) of businesses lodged their ...
Geoff Wilson feels sorry for CLF shareholders
ANNABELLE DICKSON  |  FRIDAY, 18 SEP 2020
... Concentrated Leaders Fund has rejected a takeover bid proposed by WAM Capital. WAM chair Geoff Wilson told Financial Standard : "I actually feel sorry for CLF shareholders as it appears the board is not being totally honest." CLF's independent board ...
The future of infrastructure is digital: Macquarie
ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... growing trend towards digital infrastructure, according to Macquarie Infrastructure Partners (MIP). Speaking to Financial Standard as part of the JANA Annual Conference, chief executive of MIP, Macquarie Infrastructure and Real Assets, Karl Kuchel said ...
ME Bank profits rise in FY20
ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
... portfolio of home loans grew by a modest 2% to $25.5 billion. ME Bank acting chief executive Adam Crane told Financial Standard he expected the group of industry superannuation funds that own ME Bank to be happy with the results. "We have a very clear ...
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