MyState calls for regulation changes to encourage bank competition

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MyState Limited reported a net profit after tax of $31.5 million for the year ended 30 June 2018, up 4.6% on the year before. This strong result was supported by benefits from its investment in digitisation which have improved services for customers, as well as by productivity gains and cost management. Speaking at the company’s […]

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TH Real Estate expands local Commercial Real Estate debt team with new analyst

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Global real estate investment manager TH Real Estate has announced the appointment of Nicholas Lim as Analyst, Debt Strategies, in Australia, to support the continued growth of the Asia Pacific commercial real estate debt business. In the newly created role, Mr. Lim will be responsible for assisting in the analysis of new debt opportunities and […]

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JBWere full member of RIAA

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JBWere has become a full member of the Responsible Investment Association Australasia (RIAA), the peak industry body representing responsible, ethical and impact investors across Australia and New Zealand. RIAA focuses on encouraging investment in sustainable assets and shaping responsible financial markets underpinned by strong returns. RIAA has over 220 members, including superannuation funds, fund managers, […]

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Tellworth Investments launches UK Smaller Companies Fund

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Tellworth Investments LLP, a BennBridge boutique, is launching the LF Tellworth UK Smaller Companies Fund, which will be led by experienced investment duo Paul Marriage and John Warren. BennBridge is the UK-based subsidiary of Bennelong Funds Management. The Fund, a UK OEIC which launches in November, is a continuation of the investment strategy that Paul […]

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Accounting and financial services firms engaging the next generation to future-proof their businesses

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Accounting and financial services firms are clear on the importance of engaging the next generation of clients in order to future-proof their client base, according to the 2018 Macquarie Accounting and Financial Services Benchmarking Report. The report showed that high performing firms are more likely to hire younger advisers, reach out to the adult children […]

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Australian open banking at ‘significant risk’

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Global corporate lending platform, Trade Ledger, is warning the Federal Government of substantial weaknesses in its proposed Open Banking implementation plan, when compared to the global best-practice model. These primarily include the lack of an independent implementation and governance organisation, and limited consumer and SME representation in the development of industry standards. According to Trade Ledger, […]

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Liquidnet appoints new head of Australia

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Liquidnet, the global institutional trading network, has announced the appointment of Kate Weidenhofer as the new Head of Australia to drive the strategic direction and the next phase of growth for the company. Ms Weidenhofer has over 20 years’ experience in financial markets and has worked in a variety of roles at Liquidnet for the […]

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Vacancy rates steady in September

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Data released by SQM Research yesterday has revealed the national residential vacancy rate was steady at 2.1% in September 2018, though Sydney’s vacancy rate remained at its highest level in 13 years, while Hobart’s vacancy rate slipped to just 0.4% and Canberra’s tightened to 0.6%. The number of vacancies Australia-wide sat at 70,172 properties. Sydney’s […]

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Cathy Doyle and Tony Brain join the AMP Superannuation Trustee boards

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The AMP Superannuation Boards has announced that Cathy Doyle and Tony Brain have joined the boards as independent non-executive directors. In their roles, Ms Doyle and Mr Brain are independent directors of AMP Superannuation Limited and N.M. Superannuation Proprietary Limited, both of which govern AMP’s superannuation funds. Ms Doyle has more than 25 years’ experience […]

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Omniwealth appoints a senior financial adviser

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Richard Carey CA, CFP has joined Omniwealth as a senior financial planner after many years at Mercer in a similar role. “We are excited to have a financial adviser with Richard’s wealth of experience join our team at Omniwealth. Richard has an extensive financial services background spanning 30 years. “Richard shares our vision to deliver […]

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