Westpac announces John McFarlane as incoming Chairman

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Westpac Group has announced the appointment of Mr John McFarlane to the Westpac Board as Non-Executive Director and Chairman-Elect, succeeding Lindsay Maxsted on 2 April 2020. Mr McFarlane will commence his role as Non-Executive Director in February, subject to regulatory approvals. Mr Maxsted said, “Mr McFarlane is not only well known in Australia and New […]

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MLC Life Insurance announce change of CEO and Managing Director

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CEO and Managing Director of MLC Life Insurance, David Hackett, has decided to step down from his role and will be leaving MLC Life Insurance. The MLC Limited Board supports his decision. The Board appreciates David’s strong commitment and contribution to MLC Life Insurance. This has included leading, as the first CEO, its establishment as […]

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Vertium Equity Income Fund added to multiple platforms

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Copia Investment Partners is pleased to announce the Vertium Equity Income Fund has been added to five major investment platforms. The Fund – managed by Vertium Asset Management and distributed by Copia was added to the Macquarie Investment Manager/Consolidator, the Macquarie Super Manager/Consolidator and the AMP MyNorth platforms in December 2019. The Fund has also […]

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Linda Da Silva appointed CIO of ING Australia

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Linda Da Silva appointed Chief Information Officer (CIO) of ING Australia and member of ING Australia Executive Committee. Linda moves from Westpac where she was previously CIO of BT Financial Group. She joined Westpac Group in 2008. With more than 20 years’ experience in IT consulting and leadership roles in Australia, Asia, Middle East and […]

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AMP expands MyNorth insurance offer

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AMP has partnered with leading insurers AIA Australia and TAL to expand its wrap platform insurance offer, providing more choice for clients. Both insurance offers are available for advisers and super and pension clients of MyNorth, North, Summit, ipac iAccess and Generations. Lara Bourguignon, AMP’s Managing Director Superannuation, Retirement & Platforms, said: “Adding these high-quality […]

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AMP Capital appoints new fund managers to flagship diversified property fund

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AMP Capital has appointed a new fund management team for the AMP Capital Diversified Property Fund (ADPF), with Tom Green appointed as Fund Manager and Andrew Jeffs as Deputy Fund Manager. This follows the transition of outgoing Fund Manager, Brett Williams to Managing Director, Retail within the Real Estate business, where he is responsible for […]

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Metrics to cut performance fee to counter low rate environment

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Metrics Credit Partners (Metrics) has announced plans to voluntarily waive its performance fee for the MCP Income Opportunities Trust (ASX:MOT), to prevent investor returns being impacted by current record low interest rates. The trust’s current performance fee terms are based on achieving the Reserve Bank of Australia (RBA) cash rate plus 6% per annum. At […]

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Consumer spirits lift; Global optimism

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Consumer sentiment; Global economy; CBA Household spending intentions Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 1.0 point (0.9 per cent) to 108.3 – the highest reading since early December. But sentiment remains below both the average of 114.2 points held since 2014 and the longer term average of 113.1 points since […]

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The optimal investment team structure – does it exist?

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The European Commission’s second Markets in Financial Instruments Directive (MiFID II) came into effect on 3 January 2018, aimed at increasing competition and fee transparency amongst market participants inside and outside the European Union. In its International Shares sector report, Zenith Investment Partners found that sell-side analysts were migrating to the buy-side as a direct […]

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2019 Margin Lending Adviser Report: Innovative products are key to rejuvenating the margin lending space

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Leading research firm Investment Trends has released its 2019 Margin Lending Adviser Report, which examines the evolving use of gearing to invest among Australian stockbrokers and financial planners. Key highlights: Advisers’ views on gearing to invest are improving despite their subdued market outlook Innovative products are key to rejuvenating the margin lending space Advisers’ views […]

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