Lazard financial advisory head appointed new CEO

Lazard/financial-advice/CEOs/

Peter Orszag, chief executive of financial advisory since 2019, has been named CEO of Lazard, effective 1 October 2023.

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100 advisers join Count’s expanded network

TAL/Affinia/Countplus/

Count has announced the successful acquisition of financial advice business Affinia from TAL, welcoming around 100 advisers to its national community.

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AMP scraps wealth management CEO role

amp/wealth-management/

Scott Hartley is to depart AMP as the firm scraps his CEO of Australian wealth management role while CFO Peter Fredricson will depart after less than a year in the position.

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Magellan CEO on letting staff finally be heard

Magellan/Hamish-Douglass/David-George/

EXCLUSIVE Magellan boss David George has been busy creating a culture of inclusion where fresh investment ideas are generated from the bottom up and meetings are short and sharp.

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Praemium repositions for growth following international exit

praemium/platforms/artificial-intelligence/technology/

EXCLUSIVE Six months into the role, Praemium’s chief strategy officer, Denis Orrock, has explained how he is positioning the platform technology company for growth.

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Treasury details proposed APRA and ASIC levy figures

ASIC/APRA/levy/

Treasury has issued a consultation paper detailing the proposed levy figures for APRA and ASIC in 2023-24.

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Pinnacle founder on avoiding ‘rockstar culture’ in fund management

Pinnacle/Magellan/fund-management/

Pinnacle’s founder, Ian Macoun, has explained how he has structured the firm with its affiliate boutiques in order to avoid the negative impact of key person risk.

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Digital advice ‘market leader’ in voluntary administration

digital-advice/Financial-planning/advice-intelligence/

One of Australia’s leading providers of digital advice solutions has entered voluntary administration.

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Franklin Templeton CEO on the benefits of advice commission

Around a quarter of the population would benefit from advice via commission compared to fee-based advice, particularly younger investors, according to Franklin Templeton’s chief executive, Jenny Johnson.

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Ken Moelis-backed fundie bullish on credit amid debt crisis

moelis-Australia/private-credit/acquisition/

EXCLUSIVE: Two years after joining forces with Ken Moelis, a New York-based asset manager is exciting Aussie investors with opportunities in US private credit amid a major banking crisis.

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