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Superannuation

LPTs contribute significantly to bond supply: Citigroup

AAP  |  MONDAY, 27 OCT 2003
Listed Property Trusts (LPT) have produced a significant proportion of corporate bond supply this year with merger and acquisition activity in the sector lifting the issuance.

IOOF managing director to step down in June 2004

IOOF Group chairman Ray Schoer has announced the Board has decided against renewing the five-year employment contract of Group managing director Robert Turner, after it expires in June 2004.

Strategist departs HSBC Asset Management

HSBC Asset Management has sacked its investment strategist, Kerry Duce, industry sources have told the Financial Standard.

Afternoon market wrap: Shares continue to lose ground

WITH AAP  |  FRIDAY, 24 OCT 2003
The Australian share market closed in the red, with interest focused on news that ANZ Banking Group had reached agreement to acquire the National Bank of New Zealand (NBNZ).

ANZ appoints Bob Edgar as chief operating officer

ANZ has appointed Bob Edgar as chief operating officer - reporting to ANZ chief executive John McFarlane - the Bank announced today.

IWL acquires market information technology provider

AAP  |  FRIDAY, 24 OCT 2003
Diversified financial services company IWL Ltd has acquired market information technology provider iMedia Technology Pty Ltd.

Cicutto reappointed as NAB chief

AAP  |  FRIDAY, 24 OCT 2003
National Australia Bank Ltd has reappointed chief executive Frank Cicutto for another three years, continuing recent moves by the nation's other big banks to hold onto current leadership.

ANZ buys NBNZ for $4.915 billion

AAP  |  FRIDAY, 24 OCT 2003
ANZ Banking Group Ltd is set to become one of the leading banks in New Zealand after agreeing to acquire the National Bank of New Zealand (NBNZ) from London's Lloyds TSB for $A4.915 billion.

Mohl defends AMP retention payments

AAP  |  FRIDAY, 24 OCT 2003
AMP Ltd chief executive Andrew Mohl today defended the $38 million worth of retention payments the group is handing out to keep key staff once its demerger is complete

ANZ poised to buy Lloyds NZ unit

Australia & New Zealand Banking Group is poised to announce a deal to buy Lloyds TSB Group Plc's New Zealand banking operations for around 2.34 billion pounds ($3.96 billion), a source close to the situation said on Thursday.