Lonsec appoints new CEO

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The Lonsec Board of Directors is very pleased to announce the appointment of Mike Wright as CEO of Lonsec effective 5th July 2021. Lonsec Chairman Mark Spiers said, “Mike’s unique blend of leading teams to develop and implement client-oriented growth and service initiatives along with his strong industry relationships and knowledge were exactly the leadership attributes... Read more continue reading

Ares Global Credit Income Fund achieves performance and rating milestones in first year

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The Ares Global Credit Income Fund (the “Fund”) has capped its first year of availability to Australian investors with 12.13%[1] returns net of fees and an initial ‘Recommended’ rating from investment research provider Zenith Investment Partners. The Fund is the first managed by Ares Australia Management, the strategic joint venture between Ares Management Corporation (Ares), a leading... Read more continue reading

Salter Brothers Emerging Companies Ltd launches $20M IPO

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Salter Brothers Emerging Companies Ltd, a new listed investment company (LIC), has launched an Initial Public Offering (“IPO”, “the Offer”). The Offer seeks to raise up to a maximum of $20.0 million through the issue of up to 20 million shares at an offer price of $1.00 per share. The minimum subscription is 2,000 shares.... Read more continue reading

Brave structural moves left on the shelf

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Tuesday’s federal budget delivers enough for businesses to keep them sailing along as the economy becomes more buoyant, but it lacks great vision for the direction of the country, instead locking in previous budget measures as business as usual. National Chairman of the Pitcher Partners National Association John Brazzale said tonight’s Budget has been built... Read more continue reading

Federal Budget and seniors: PLS changes are welcomed

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Major enhancements that Pension Boost has been advocating for will be made to the Pension Loans Scheme (PLS) from 1 July 2022. A No Negative Equity Guarantee will apply to PLS loans: This has been one of the major advocacy reforms Pension Boost has been pushing and so we are very delighted to see that... Read more continue reading

Dr Deborah Ralston announced as Chair of the Household Capital Advisory Board

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Dr Deborah Ralston will take on the role of Chair of the Household Capital Advisory Board from May 2021. Dr Ralston is one of Australia’s preeminent thought leaders in financial services, superannuation and retirement funding with exceptional expertise in disruption and financial regulation. Dr Joshua Funder, CEO of Household Capital announced: “Household Capital is delighted... Read more continue reading

AMP Australia CEO announces new team to lead transformation of the AMP Australia business

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AMP Australia Chief Executive Officer Scott Hartley has announced his new leadership team and an updated operating model, designed to deliver increased performance and greater efficiency for the Wealth Management business and AMP Bank. The new leadership team consists of a complementary mix of existing AMP leaders, leaders new to AMP and internal promotions. The... Read more continue reading

Fidelity International expands sustainable investing team with appointment of Gabriel Wilson-Otto

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Fidelity International has appointed Gabriel Wilson-Otto as Director, Sustainable Investing, based in Hong Kong. In this new role, Gabriel will work with Fidelity’s investment professionals to help further integrate sustainability considerations into the firm’s investment process. He will also work closely with Fidelity’s large research function on the firm’s proprietary sustainability ratings and support the... Read more continue reading

Melior Investment Management appoints senior analyst

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Melior Investment Management has announced the appointment of Carlos Castillo as a senior analyst. Mr Castillo was most recently at Ellerston Capital where he was part of a team of six managing around $3 billion in Australian equities. He also previously worked as a senior portfolio manager and Australian equities analyst at AMP Capital. Melior’s... Read more continue reading

PPS Mutual enhances team with new Victoria Business Development Manager

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Mutual life insurance company PPS Mutual has announced the appointment of Rory-John Jacobs to the role of Senior Business Development Manager in Victoria. The role reports directly to Shadia Kouzma, State Manager for Victoria and Tasmania. The role will commence effective immediately and Mr Jacobs will be responsible for the management of key financial adviser relationships within the region. “Mr Jacobs’ experience in developing and... Read more continue reading