From the Source

Parties settle the Great Southern proceedings

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Bendigo and Adelaide Bank (the Bank) has entered into an agreement to conclude the class actions brought by investors in managed investment schemes operated by Great Southern. Under the agreement, which is subject to approval of the Court, the Bank’s borrowers who are members of the class actions have admitted that their loans are valid […]

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Certitude strengthens service and sales capability with new appointment

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Certitude Global Investments (Certitude), a leading provider of global asset management solutions, has appointed Michael Akele to the newly created role of Northern Regional Manager (NSW/QLD) and NZ. Mr Akele was appointed from within the Certitude ranks, previously serving as State Manager of Global Solutions for New South Wales, since commencing at Certitude in 2010. […]

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Report finds many ASX200 companies failing to comply with ASX gender diversity reporting recommendations

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78% of ASX200 companies’ gender diversity reporting is perfunctory or worse, according toBlackRock. BlackRock’s review of the 2013 annual reports of companies included in the Standard & Poor’s/ ASX200 stockmarket index has ranked 3% of disclosures surrounding gender diversity as ‘excellent’, 19% as ‘good’ and the others perfunctory, poor or generally non-disclosing. This investigation is […]

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Association Chairman announces appointment of Trevor Folsom as new Director to the Board

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SME Association of Australia (SMEA) Chairman Craig West has announced the appointment of Trevor Folsom as a Director of the Association’s Board. In welcoming Trevor Folsom to the SMEA Board Craig West said, “I have been very fortunate to work with Trevor previously and he is exactly the kind of energetic advocate small business owners need.  […]

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BT Financial Group calls for tougher central register of financial planners

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BT Financial Group Chief Executive Brad Cooper has called for a radical overhaul of consumer access to information on Australia’s financial planners. “We think all Australians should have access to as much information as possible to help them make informed choices about the quality of financial planners across the country,” Mr Cooper said. “We believe […]

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Commonwealth Bank raises educational standards for financial planners

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Commonwealth Bank has announced new minimum education standards for Commonwealth Financial Planning Limited (CFP) financial planners, supervisors and managers of planners. Since 2011 the Bank has transformed the CFP business. There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training. […]

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PIMCO Appoints Adrian Stewart as Executive Vice President and Head of PIMCO Australia

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PIMCO, a leading global investment management firm, has hired Adrian Stewart as Executive Vice President and Head of PIMCO Australia. Mr. Stewart will begin in August and report to Eric Mogelof, Managing Director and Head of PIMCO Asia-Pacific. In his new role, Mr. Stewart will be responsible for leading PIMCO’s business in Australia, including serving […]

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PIMCO names Eric J. Mogelof as Head of Asia Pacific

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PIMCO, a leading global investment management firm, has appointed Eric J. Mogelof as Head of Asia Pacific. Mr. Mogelof, a Managing Director, will have management oversight responsibility for the firm’s business in the region, including PIMCO’s Hong Kong, Singapore, Sydney and Tokyo offices. He will report to Douglas Hodge, Managing Director and PIMCO’s Chief Executive […]

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AFEX’s rapid growth in Australia spurs strategic hires

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Client base nearly doubles over course of two years, on-going annual growth near 50% AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, announced three strategic hires in Australia this morning to support its explosive growth in this key market.  AFEX now services nearly 8,000 clients from offices in Melbourne, […]

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BetaShares appoints Chief Economist, David Bassanese

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BetaShares, a leading provider of Australian exchange traded products, announced yesterday the appointment of David Bassanese as Chief Economist. In the newly formed role, Mr Bassanese will be responsible for developing economic insights and portfolio construction strategies for adviser and retail clients. Mr Bassanese has an accomplished background in financial services spanning over 25 years, […]

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