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General

Troubled Tower replaces Byer as chairman

Beleaguered trans-Tasman financial services group Tower today announced the replacement of chairman Colin Byer with Melbourne-based Olaf Duill, paving the way for a showdown at the group’s annual meeting on March 27 as Byer attempts to gain re-election ...

Trust and Permanent to launch comprehensive IMA service

Recently merged financial services companies Trust and Permanent today announced the launching of what it claims to be first complete Individually Managed Account (IMA) solution in Australia.

Commonwealth draws fire of Australian Shareholders Association

The Australian Shareholders Association (ASA) today sharply criticised the Commonwealth Bank of Australia (CBA) for its $32.7 million lump sum payout to former employee Chris Cuffe.