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Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... pain ahead, and the path is edging closer to a hard landing. The deteriorating state of the consumer, flatlining retail sales and falling company cashflows are the biggest risks to the downside," Birtles said. He also noted that with 1.5% annual real ...

Allianz Retire+ names wealth management distribution chief

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... expertise across disciplines which will enhance our growth strategy," he said. In his new role, Rodda will oversee the national sales efforts, technical services, and platform and research relationships to deliver the flagship solution, Allianz Guaranteed ...

Australia's wealthiest women not getting the advice they need

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... women described unsatisfactory experiences when dealing with the financial services industry, including poor communication, sales pressure, and a lack of rapport. JBWere said there was a "tremendous opportunity" for financial services designed to meet ...

Northern Trust appoints head of international enterprise client solutions

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... solutions for asset servicing, Paulin co-founded Aviate Capital, a boutique investment bank specialising in global research, sales and trading, futures, and convertibles. Paulin will continue to be based in London and report to asset servicing president ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated are pushing customers to buy other items to access the coveted "icon of fashion" - an illegal tying arrangement. ...

Listed companies drive economy's momentum: ABDO

KARREN VERGARA  |  THURSDAY, 21 MAR 2024
... about 50% of companies reported earnings per share (EPS) as expected; 30% beat their EPS expectations and 20% missed it. Sales and margins were also better than expected, while dividends paid were higher. Overall, Bruce said that this was a "pretty good ...

Markets, economies benefit from eustress: ABDO

KARREN VERGARA  |  WEDNESDAY, 20 MAR 2024
... it is no surprise that consumer sentiment has plummeted to new lows. Consumer confidence, particularly data from retail sales, is still in negative territory and sits at a low not seen since the 1990s recession, Paton said. "Don't expect to see the ...

UK manager recruits Australia head

ELIZABETH FRY  |  FRIDAY, 15 MAR 2024
... represent it in Australia. The London-based systematic bond fund manager has appointed Ty Thurgood as its local head of sales. Thurgood joined Morgan Stanley from Eaton Vance Australia, where he served as institutional business head for Australia and ...

Perpetual adds director, institutional business

ELIZABETH FRY  |  MONDAY, 11 MAR 2024
... Capital, where she worked for 18 months as a director of institutional capital. Perpetual AM's head of institutional sales Peter Lambos welcomed the new hire, noting Hillyar's 20 years' experience in financial services, including the last ...

DomaCom chief executive John Elkovich steps down

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
... brings experience from senior positions at Commonwealth Bank of Australia, as head of adviser distribution and investor sales, as well as roles at National Australia Bank, Westpac, Deutsche Bank, and Bank of America. James also serves as a director at ...
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