Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

AXA says NAB-AMP entity a "threat, but also an opportunity"

AAP  |  THURSDAY, 16 OCT 2003
AXA Asia Pacific Holdings chief executive Les Owen said today a National Australia Bank Ltd takeover of AMP Ltd would be considered a "threat but also an opportunity" for his financial services company.

IOOF appoints new property investments head

IOOF Investment Management Ltd has appointed Paul Grant as the new general manager for property investments, following the departure of Ian Frost.

AMP halts securities trading, announces profit expectation

Late last night, AMP Ltd announced its intention to request a trading halt today, for its securities from the Australian Stock Exchange (ASX) and New Zealand Stock Exchange (NZX).

Credit Suisse launches into Asia

Credit Suisse Asset Management announced it is deepening its Asia ex-Japan involvement by launching a distribution strategy for the region. In the coming months the company plans to employ three more staff, most likely based in Hong Kong.

Perpetual Trustees loses group executive

Perpetual Trustees has lost one of its key decision makers, with Rohan Mead, group executive of Personal Financial Services, resigning to accept a senior appointment.

Vertex to close domestic hedge fund, flags further expansion

Sydney-based hedge fund, Vertex Capital Management Limited, has announced the appointment of Rebecca Jacques as associate director.

Morgan Stanley drops fees in battle for LUO

AAP  |  WEDNESDAY, 15 OCT 2003
The battle for Lend Lease US Office (LUO) Trust continued today with proposed manager Morgan Stanley reducing its management fees in a bid to fend of a bid by Principal Real Estate Investors.

NAB quiet on AMP plans

AAP  |  WEDNESDAY, 15 OCT 2003
National Australia Bank Ltd chief executive Frank Cicutto was keeping his plans for potential takeover target AMP Ltd a secret today, refusing to reveal to New York fund managers and the media his bank's next move.

Australian Rugby Union added to BT corporate super's new mandates

BT Financial Group (BT) has revealed it experienced a bumper September quarter, with 15 new corporate superannuation mandates won over the three months, totalling $185 million in funds under administration.

Australia/NZ lender launches capital markets' first

Australia and NZ lender, Liberty Financial, has launched a NZ$110 million (A$95.3 million) mortgage backed securitisation (MBS) issue, it has announced.