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Investment

BNY Mellon opens for insto banking

MICHELLE BALTAZAR  |  WEDNESDAY, 30 SEP 2009
BNY Mellon is set to give incumbent institutional banking providers a run for their money after its local arm officially opens for insto banking this month.

HSBC unveils EM equity fund

COMPANY RELEASE  |  WEDNESDAY, 30 SEP 2009
HSBC Global Investments has launched the HSBC Global Emerging Markets Equity Fund in Australia.

Fortitude to launch Aus equity income fund

MICHELLE BALTAZAR  |  WEDNESDAY, 30 SEP 2009
Fresh from winning an award based on its performance strategy, hedge fund manager Fortitude Capital is launching a new Australian Equity Income fund with a twist.

Macq Global Investments wins mandates...

MICHAEL HOBBS  |  WEDNESDAY, 30 SEP 2009
Macquarie Global Investments' Professional Series has been awarded an investment mandate from industry super fund Cbus and a nod from van Eyk.

CEOs pay steady despite GFC

COMPANY RELEASE  |  TUESDAY, 29 SEP 2009
The average cash pay of a S&P/ASX 100 company's chief executive held steady in 2008 - a sign CEO salaries, including those of financial services firms, came out relatively unscathed from the GFC.

Russell launches global infra fund

COMPANY RELEASE  |  MONDAY, 28 SEP 2009
Russell Investments has launched an Australian dollar-hedged global listed infrastructure fund, ahead of the predicted US$40 trillion of government and private money to go into infrastructure investments around the world in the next 20 years.

HSBC's chief moves to Hong Kong

COMPANY RELEASE  |  MONDAY, 28 SEP 2009
HSBC's chief executive will be moving to Hong Kong as the firm relocates its principal office to the Chinese business hub to focus on emerging markets.

F1 scandal forces ING to dump Renault early

ALEX DUNNIN  |  MONDAY, 28 SEP 2009
ING has terminated its global sponsorship of the Formula One Renault Team early as fallout continues to dog the sport and the sponsors following the Renault F1 cheating scandal.

ANZ buys ING Aus for $1.76bn

MICHELLE BALTAZAR  |  FRIDAY, 25 SEP 2009
ANZ goes up the ranks of the wealth management and life insurance sectors when it acquired the 51 per cent stake it did not own in a joint venture with ING Group for $1.76 billion - transforming it into a $45 billion fund manager with more than 1,700 ...

Walter Scott tops S&P review

COMPANY RELEASE  |  FRIDAY, 25 SEP 2009
Walter Scott earns the top gong in the latest S&P review on the international equities growth funds sector.