Former Macquarie fund manager restrained
Oswyn de Silva, a former Macquarie Bank portfolio manager, has been restrained from leaving Australia following a move by the Australian Securities and Investments Commission (ASIC) in the NSW Supreme Court.
The regulator announced this week that it had obtained consent orders from the court that restrain De Silva from leaving or attempting to leave Australia. De Silva is being investigated for trading he is alleged to have engaged in between 2006 and 2007.
ASIC said that on 1 March this year de Silva, who is a resident of the United Kingdom, had attempted to leave Australia from Perth but was stopped by the Australian Federal Police.
ASIC said that on Monday (8 March) de Silva had pleaded guilty to a charge of being in contempt of the court's ex parte orders. His sentence hearing has been listed for next week, during which time the restraint orders will remain in place.
De Silva is a former joint head of Global Property Securities at Macquarie.
Recommended for you
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.
Ahead of the approaching end of the financial year, State Street has shared five tips for advisers who are using ETFs in their client portfolios.
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
