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Investment

NAB strengthens asset servicing division

LINDA HAUSKEN  |  THURSDAY, 20 SEP 2012
NAB has appointed Naresh Subramaniam as head of investment services to its asset servicing division.

ANZ ditches Visa shares

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
ANZ has said that it is undertaking a review of asset valuations, after announcing that it had sold its remaining shareholding in Visa Inc for a $224 million after tax profit.

Goldman Sachs CFO to retire

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
Goldman Sachs Group chief financial officer David Viniar will retire at the end of January 2013 and join the board as a non-independent director.

New Aus equities product for BGC

BEN COLLINS  |  WEDNESDAY, 19 SEP 2012
A license to offer equity options and cash equities products has been granted to global brokerage company BGC Partners (BGC) by the Australian Securities Exchange.

Praemium captures BlackRock's SMA business

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
Praemium Australia is poised to take over BlackRock Investment Management's Separately Managed Accounts business after it yesterday entered into an agreement with the fund manager.

Draft legislation to streamline trans-Tasman retirement savings

LINDA HAUSKEN  |  WEDNESDAY, 19 SEP 2012
The government has released a draft legislation to establish a trans-Tasman retirement savings portability scheme, expected to assist the thousands of Australians and New Zealanders who move across the Tasman every year.

New hedge fund rules for post-GFC environment

MELANIE TIMBRELL  |  WEDNESDAY, 19 SEP 2012
ASIC's new guidance on hedge funds will force managers to greater disclosure on where money is invested, how assets are valued, the fund's structure and the risks involved to better protect investors following recent high-profile cases of fraud.

AIA appoints national manager

LINDA HAUSKEN  |  TUESDAY, 18 SEP 2012
AIA Australia has hired Sam Tremethick to the newly created role of national manager, strategic partnerships to support dealership and platform partners amidst regulatory change and industry consolidation.

Banks take Bell Group case to High Court

MELANIE TIMBRELL  |  TUESDAY, 18 SEP 2012
The consortium of 20 banks involved in Australia's longest-running court case is seeking leave to appeal to the High Court.

BlackRock to focus on model-based fixed income inv

LINDA HAUSKEN  |  TUESDAY, 18 SEP 2012
Multinational fund manager BlackRock is increasingly focusing on a model-driven approach of fixed income investing for its clients in Australia and overseas, as it believes this is the method of the 21st century.