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Superannuation

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.

Macquarie Securitisation passes $20 billion insurance milestone

Macquarie Securitisation announced today that its PUMA Masterfund P-9 Series A domestic bond issue - launched on October 15 - has been priced, lifting total funds raised through the program to $20 billion.

New Appointment at Bernstein

Bernstein Investment Research and Management (Bernstein), the subsidiary of Alliance Capital Management Australia and manager of the AXA Australian equity funds, has announced the appointment of a third equities analyst.

Acumen Super reports $140 FUM after first 12 months

Acumen Super, a division of REST Superannuation, has announced it has grown to over $140 million in funds under management since its launch just over 12 months ago.

New CEO at Print Super

The $800 million Printing Industry Superannuation Fund (Print Super) has announced the appointment of Ross Martin to the position of chief executive officer.

Industry groups call for active management interest in imminent IASB standards

The Australian Securities and Investments Commission (ASIC) and the Financial Reporting Council (FRC) have called on all company boards and management to take an active interest in preparing for the adoption of the International Accounting Standards ...

ACCC denies NAB proposal to takeover AMP

The Australian Competition and Consumer Commission has emphatically denied reports that it has been approached by National Australia Bank (NAB) to take over troubled financial services group AMP Limited.