Ambitious targets for the new Lonsec CEO

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Lonsec has welcomed key senior appointments with Mike Wright joining as CEO and Kevin Brennan as Chief Information Officer (CIO). These appointments follow the recent renewal of the Lonsec board.... Read more continue reading

Heritage Bank and People’s Choice to explore merger opportunity

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Heritage Bank and People’s Choice Credit Union, two of Australia’s leading customer-owned banking organisations, have announced they have entered into a non-binding agreement to explore a merger opportunity. If a... Read more continue reading

WealthO2 focuses on further expansion with Ord Minnett pilot program

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WealthO2 has announced a structured pilot program with Ord Minnett’s most senior advisers who use an MDA offering for their UHNW clients. The program will see Ord Minnett pilot WealthO2’s... Read more continue reading

Six reasons why share markets are at or near record levels. But is it sustainable?

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Key points Bonds and shares often diverge – we saw this a year ago with shares rallying but bond yields staying low. Shares have been boosted by strong earnings news,... Read more continue reading

Changing Lives AFA Foundation partners with AIA Australia and OnePath

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The Association of Financial Advisers (AFA) is pleased to announce that AIA Australia and OnePath Life[1] have partnered with the AFA Foundation to support our charitable work that is changing... Read more continue reading

Tight rental vacancy rates trigger across the board surges in rents

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SQM Research has revealed the national residential rental vacancy rate remains tight at just 1.7% over the month of July 2021. Meanwhile, rents surged for yet another month in most... Read more continue reading

State Street bolsters its Collateral Management Team in APAC with new appointment

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State Street Corporation has announced the appointment of Sam Edwards as head of Collateral Management for Asia Pacific, effective immediately. Edwards, with almost two decades of experience in securities finance,... Read more continue reading

Pandemic spurs banks’ AI adoption for anti-money laundering

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A third of financial institutions are accelerating their AI and machine learning (ML) adoption for anti-money laundering (AML) technology in response to COVID-19. Meanwhile, another 39% of compliance professionals said... Read more continue reading

Weekly economic & market update – week ending 13 August, 2021

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Investment markets and key developments over the past week Global share markets continued to rise over the last week with reopening and earnings optimism offsetting Delta concerns and propelling US... Read more continue reading

Compensation scheme of last resort may be last straw for financial advice industry

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Eight of Australia’s largest financial advice industry associations have united to oppose the design of the compensation scheme of last resort, contained in draft legislation released for public consultation. Chartered... Read more continue reading