AMP AXA merger takes effect

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The merger of AMP Limited (AMP) and AXA Asia Pacific Holdings Limited (AXA APH) Australian and New Zealand businesses has been implemented today. AXA APH is now wholly owned by the AMP Group. The cash component of the share scheme consideration has been dispatched and new shares issued to the AXA APH minority shareholders under […]

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AMP Capital Investors acquires first Paris property asset

AMP Capital’s Global Direct Property Fund (GDPF) has acquired a high quality seven-storey office building in L’avenue de Wagram, one of the premier precincts in the Paris CBD region, for €22 million. The property is fully leased with high quality tenants and is located within close proximity to place Charles-de-Gaulle and Parc Monceau and is […]

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Selling an SME business – who will buy?

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Owners of Australian companies worth up to $100 million are being sold short because their owners and operators cannot find appropriate buyers, according to Linkara Capital founder, Lindsay Karathanassis. “We have found that although there is a strong market for good businesses in Australia and plenty of buyers ready and willing to pay a fair […]

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Synchron Appoints Michael Harrison Independent Chair

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Respected business strategist, Michael Harrison has been appointed Independent Chair of financial advice business, Synchron, effective April 1, 2011. Mr Harrison, who has worked closely with Synchron since 2007 as Synchron’s business strategy and marketing consultant, has a long and distinguished career in financial services, spanning accountancy, retail sales, insurance and banking. Synchron Director, Don […]

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Threadneedle expands Australasian presence

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James Wesley appointed as Director, Institutional Clients Threadneedle, a leading international asset manager, has expanded its Australasian team with the appointment of James Wesley as Director, Institutional Clients. Reporting to David Chinnery, Head of Australasian Distribution, Mr Wesley will be responsible for building and managing relationships with key institutional and third party clients. He will […]

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Prime Super to appoint Russell as administrator to fund

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New partnership set to assist in driving Prime Super’s growth agenda Prime Super, Australia’s only national super fund for rural and regional Australia, has agreed in principle to appoint global financial services firm Russell Investments to deliver administrative services to the fund’s 150,000 members, transferring from current provider Pillar Administration. The new partnership, proposed to […]

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Russell further strengthens corporate super capabilities

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Geoff Peck appointed as MD of Russell’s corporate superannuation business Russell to build out market-leading individual investor experience Russell has further strengthened its corporate superannuation business with the announcement of new initiatives aimed at driving further growth and bolstering the individual investor experience. The first of the new initiatives is the appointment of industry expert […]

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Centuria backs QLD commercial property

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Brisbane purchase – heavily oversubscribed Centuria Capital’s (ASX: CNI), property funds management subsidiary, Centuria Property Funds (formerly Century Funds Management), has purchased a 10 level commercial building at 200 Creek Street, Brisbane for $37.7 million. The vendor of the property is Valad Core Plus Fund. The building is 100 per cent leased to a mix […]

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Aviva Investors receives fund management licence for Taiwan

Aviva Investors today announced that it has received a Securities Investment Consulting Enterprise (SICE) licence for Taiwan from the Financial Supervisory Commission. The licence allows Aviva Investors to open its own subsidiary and offer a broad range of products in Taiwan to both retail and institutional clients. With an office in Taiwan since 2008, the […]

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AMP Capital hires COO to European infrastructure team

AMP Capital Investors today named Simon Ellis as Chief Operating Officer, Infrastructure – Europe. In his role, Mr Ellis will be responsible for key infrastructure operational matters for AMP Capital’s European Infrastructure team including hedging, risk management, independent asset valuations, debt management and fund reporting. He will also work with the European infrastructure investment team […]

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