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
T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.
Iress has issued an update denying the validity of “certain statements” made by an alleged threat actor, following a cyber incident last weekend.
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.
Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks.