Sequoia confirms $3.1m initial payments from Morrison Securities deal

Sequoia/Morrison/Morrison-Securities/M&A/

| By Rhea Nath |

The financial group’s cash at bank on settlement was expected to exceed $45 million in selling 80% of its equities clearing business to New Quantum.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Former RBA governor passes away

RBA/central-banks/Jim-Chalmers/Reserve-Bank-of-Australia/

| By Laura Dew |

People & Products

Former RBA governor Robert Johnston, who held the post for seven years, has died.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Maple-Brown Abbott launches GEM fund

MSCI/emerging-markets/Maple-Brown-Abbott/Sophia-Rahmani/

| By Laura Dew |

Funds management

Maple-Brown Abbott has expanded its fund range with the launch of a global emerging market equity fund.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lonsec expands offering with IPL managed accounts

Lonsec-Research/lonsec/managed-accounts/

| By Laura Dew |

People & Products

Lonsec has integrated its Lonsec Investment Solutions business with Implemented Portfolios Limited’s managed account solutions to offer a broader suite of investment options.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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China’s economic ‘reset’ to define 2023

China/emerging-markets/global-economy/asia-ex-japan/

| By Jasmine Siljic |

Funds management

Whilst Western nations mitigate inflationary pressures, China’s economic recovery will underpin Asia ex-Japan growth, says fund manager Jonathan Wu.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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UBS to acquire Credit Suisse amid banking emergency

UBS/credit-suisse/banking/mergers-and-acquisitions/

| By Charbel Kadib |

Funds management

Credit Suisse is set to be acquired by its local competitor amid ongoing fears over the bank's viability.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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How to reduce the risk of an AFCA ruling

AFCA/complaints/Australian-Financial-Complaints-Authority/financial-advice/

| By Laura Dew |

Financial planning

The complaints authority has shared a way that an advice firm can improve their chances of a case being ruled in their favour or of paying a significantly lower compensation figure.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Morgan Stanley Wealth Management to create bespoke OpenAI model

chatgpt/Morgan-Stanley/artificial-intelligence/

| By Laura Dew |

People & Products

Global wealth manager Morgan Stanley Wealth Management has announced a partnership with ChatGPT creator OpenAI to create a bespoke model for its advisers.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Jones urges passing of CSLR bill this month

Stephen-Jones/CSLR/financial-accountability-regime/

| By Laura Dew |

Financial planning

Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Investment platform launches finance app for parents

investment-platform/financial-literacy/ETFs/

| By Jasmine Siljic |

People & Products

Investment platform Pearler has announced an investment app for parents to invest on behalf of their children, aiming to build financial literacy.

AUTHOR

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Sequoia confirms $3.1m initial payments from Morrison Securities deal

AUTHOR

Rhea Nath

Rhea 's social profiles:

Former RBA governor passes away

AUTHOR

Laura Dew

Laura 's social profiles:

Maple-Brown Abbott launches GEM fund

AUTHOR

Laura Dew

Laura 's social profiles:

Lonsec expands offering with IPL managed accounts

AUTHOR

Laura Dew

Laura 's social profiles:

China’s economic ‘reset’ to define 2023

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

UBS to acquire Credit Suisse amid banking emergency

AUTHOR

Charbel Kadib

Charbel 's social profiles:

How to reduce the risk of an AFCA ruling

AUTHOR

Laura Dew

Laura 's social profiles:

Morgan Stanley Wealth Management to create bespoke OpenAI model

AUTHOR

Laura Dew

Laura 's social profiles:

Jones urges passing of CSLR bill this month

AUTHOR

Laura Dew

Laura 's social profiles:

Investment platform launches finance app for parents

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

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