BOQ sees growth opportunities in financial crisis
Bank of Queensland has launched a temporary platform, Project Pathways, to investigate “attractive growth opportunities” arising from the ongoing global financial crisis.
Potential growth options under consideration by Project Pathways include strategic partnerships, complementary merger opportunities and new business strategies, such as portfolio optimisation and efficiency initiatives.
Managing director David Liddy said the financial crisis has created many attractive opportunities for BOQ, while at the same time forcing us to review the way we traditionally approach creating value
He said the BOQ’s “solid base of retail customer deposits and its owner-managed branch model place BOQ in the fortunate position of being able to take advantage of some opportunities from the financial crisis”.
Recommended for you
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
