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MACQUARIE BANK
People & Products
A year after departing the prudential regulator, former APRA chair, Wayne Byres, is set to join the board of Macquarie Bank as a non-executive director in the first quart...
Financial planning
Macquarie Business Banking has revealed the top characteristics of high-performing financial advice practices, including how succession planning and client engagement can...
People & Products
Queensland Investment Corporation chief risk officer David Clarke has been appointed to the same position at NAB’s wealth management arm....
Funds management
Rating moved from stable to negative by Fitch reflecting the market uncertainty and the possibility of an earnings hit in the next two years. ...
Funds management
Solid performance from all divisions has seen Bell Financial Group post a strong full-year result....
People & Products
SG Hiscock & Company has appointed Anthony Cochran as head of distribution, based in the Melbourne office and reporting to managing director, Stephen Hiscock....
Policy & Regulation
The banks would be compelled out of the wealth management industry and AMP would have to break up its operations under policy proposals flagged by the Australian Greens i...
People & Products
Brian Benari will retire as chief executive of Challenger and be replaced by Richard Howes....
Tech
Technology services provider TAS has this week announced a founding partnership with Insurtech Australia....
Financial planning
ASIC has accepted an enforceable undertaking from Macquarie Bank after the bank was found to have inadequate systems and controls to address inappropriate conduct in its ...
Funds management
ASIC will be appointing an independent consultant to oversee elements of the FX enforceable undertaking acceptance by Macquarie Bank....
Policy & Regulation
ASIC’s latest enforcement report had revealed the degree to which its Wealth Management Project identified issues within CommBank, NAB and Macquarie Bank....
Financial planning
ASIC has removed additional conditions it imposed on Macquarie Bank’s AFSL after a review by KPMG found no additional breaches to those the bank had already reported. ...
Funds management
Lonsec Investment Solutions adds its managed portfolio solutions to Macquarie Wrap and HUB24, following the addition to BT Panorama earlier. ...
Financial planning
Macquarie has completed its Enforceable Undertaking with ASIC but its compliance bill has quadrupled to $413 million and is forecast to continue rising....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...