Australia’s financial system can be the envy of the world, if we all lean in to promote fairness

From

“One of the great shames was that collectively, the Australian financial system didn’t look very hard at the lessons to be learned from the Global Financial Crisis and focus on preventing some of the negative impacts here – there was a lack of proactive leadership, and we must address these now.” These are the words […]

continue reading

GSFM acquires MLC Asset Management’s 49 per cent equity stake in Redpoint Investment Management

From

GSFM has completed the acquisition of a 49 per cent equity stake in boutique quantitative equities specialist Redpoint Investment Management (Redpoint).  Redpoint management will continue to control 51 per cent of the business.  The two firms combined will manage over $17 billion. Redpoint was established in 2011 and specialises in listed asset classes including Australian equities, international […]

continue reading

Awards finalists announced ahead of FPA Professionals Congress

From

The Financial Planning Association of Australia (FPA) has revealed the shortlist for all six categories of the 2019 FPA Awards ahead of the presentation at the FPA Professionals Congress in Melbourne. Now in its seventh year, the FPA Awards recognises the achievements of outstanding members who have delivered the highest professional and ethical standards outlined […]

continue reading

Strong growth for CRE specialist financier MaxCap

From

Leading Australian Commercial Real Estate financier MaxCap Group is responding to changing market dynamics in Australia and New Zealand with additional offerings to its core Australian debt finance business. The specialist debt financier has entered the direct investment space with MaxCap leaders, Wayne Lasky and Brae Sokolski saying the strength in the commercial release estate […]

continue reading

Bold action required to achieve a sustainable future: First State Super

From

First State Super is one of 30 global businesses to have joined a United Nations-backed Alliance, who will work together over the next two years to support the delivery of the 2030 Agenda for Sustainable Development. Speaking from New York at the launch of the Global Investors for Sustainable Development (GISD) Alliance, First State Super […]

continue reading

‘Savers beware’: Income investors given clear message as negative interest rates loom

From

Income investors have been given a clear message from the RBA that cash returns will become worse before they get better, according to an income investment expert. Matthew Lemke, portfolio manager for boutique investment manager Prime Value Asset Management, says the RBA’s October rate cut, coupled with its latest statement, suggests income-directed investors need to […]

continue reading

Appointments within Natixis Investment Managers

From

Natixis appoints Joseph Pinto as Chief Operating Officer (COO) of Natixis Investment Managers (Natixis IM) and Philippe Setbon as Chief Executive Officer (CEO) of Ostrum Asset Management. Joseph and Philippe will both be members of the Natixis Executive Committee and of the Natixis Investment Managers Management Committee. The creation of the COO role for Natixis […]

continue reading

ASIC to provide relief from financial adviser compliance scheme obligations

From

ASIC has announced that it will make a legislative instrument to provide relief to Australian financial services (AFS) licensees from financial adviser compliance scheme obligations, following a Government announcement last week. On Friday, the Hon. Josh Frydenberg MP, Treasurer, and the Assistant Minister for Superannuation, Financial Services and Financial Technology, Senator the Hon. Jane Hume, jointly […]

continue reading

IOOF update on acquisition of ANZ P&I

From

IOOF Holdings Ltd (IOOF) welcomes the receipt of the No Objection Notices from both OnePath Custodians Pty Limited (OPC) and Australia and New Zealand Banking Group Limited (ANZ) in relation to the transfer of the ANZ Wealth Pension and Investments business (ANZ P&I) to IOOF. Additionally, ANZ and IOOF have also agreed the following changes […]

continue reading

The Banking and Finance Oath and MetLife encourage industry to rebuild trust

From

MetLife Australia have worked with the The Banking and Finance Oath to encourage other financial services organisations to back lifting ethical standards across the industry, by supporting their employees to take the Oath. MetLife is the first insurer to support The BFO at an organisational level, by encouraging its own staff to take the Oath, […]

continue reading