NAB completes acquisition of Citigroup’s Australian consumer business

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National Australia Bank (NAB) has completed the acquisition of Citigroup’s Australian consumer business (Citigroup Consumer Business). NAB Chief Executive Officer Ross McEwan said: “The acquisition of the Citigroup Consumer Business... Read more continue reading

SMSF Association congratulates new Ministers

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The SMSF Association is looking forward to a constructive relationship with the incoming Labor Government and is hopeful that two of the outstanding measures from the 2021 Federal Budget –... Read more continue reading

LAB Group integrates with Praemium to deliver secure onboarding and improve user experience, with First Use at Marcus Today

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Australia’s most connected account opening platform provider, LAB Group (“LAB” or “the Company”), is pleased to announce that it has delivered a new integration via partnership with Praemium Ltd (ASX:... Read more continue reading

AMP completes transfer of Multi-Asset Group into Australian Wealth Management

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AMP, a retail bank and leading wealth manager in Australia and New Zealand, has delivered a key strategic priority with the transfer of the Multi-Asset Group capability into its wealth... Read more continue reading

S&P/ASX Agribusiness Index launched

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ASX, in partnership with S&P Dow Jones Indices (S&PDJI), this week launched the S&P/ASX Agribusiness Index (ASX: XAG). The new broad-based index includes companies whose principal business activity is in... Read more continue reading

Aviva Investors appoints new head for sustainable outcomes

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Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has appointed Sam Tripuraneni as Head of Sustainable Outcomes, a pivotal hire as the firm deploys its capital, scale... Read more continue reading

No election bounce for consumer confidence

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Weekly consumer confidence; Private sector credit; Dwelling approvals The weekly ANZ-Roy Morgan consumer confidence index eased by 0.1 per cent to 90.7 (long-run average since 1990 is 112.4). Consumer views... Read more continue reading

Talaria Capital added to CFS platform

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Talaria Capital‘s award-winning Global Equity Fund has been added to the Colonial First State (CFS) FirstChoice platform. Talaria’s CEO Jamie Mead said the CFS mandate is another important milestone in the... Read more continue reading

Petrol prices ease below $2 a litre, OPEC+ meets

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Weekly oil market update Last week, the benchmark Singapore gasoline price fell by US$2.92 or 1.9 per cent US$154.28 a barrel, down from a record high of US$157.20 a barrel.... Read more continue reading

Weekly economic and market update – week ending 27 May, 2022

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Investment markets and key developments Share markets saw a bit of relief in the past week – bouncing of oversold lows helped by less hawkish than feared comments from the... Read more continue reading