AZ NGA appoints former Fitzpatricks chief as CFO

AZ-NGA/Fitzpatricks/Fitzpatricks-Group/appointment/

Professional services firm AZ NGA has announced a group chief financial officer, who previously spent six years as Fitzpatricks Financial Group’s CEO.

AUTHOR

Selfwealth M&A battle continues with Svava binding proposal

selfwealth/M&A/Bell-Financial-Group/

Following the announcement last week that Selfwealth had formally commenced into a scheme of arrangement with Bell Financial Group, Svava has put forward a binding proposal to acquire the trading platform.

AUTHOR

RQI Investors confirm dual research hires

realindex/First-Sentier-Investors/appointments/

RQI Investors, an active quantitative equities manager within First Sentier Investors Group, has bolstered its research team with two appointments.

AUTHOR

‘Textbook succession plan’ stems Magellan infrastructure outflows

Magellan/Magellan-Financial-Group/departure/

According to Magellan, departing head of investment, Gerald Stack, has enacted a “textbook succession plan” which has helped reduce forecasted outflows from his infrastructure division.

AUTHOR

Payton Capital creates head of credit role

Alternatives/private-credit/funds-management/

Payton Capital has appointed a head of credit to its ranks, representing a key step in its growth strategy as it builds out its private credit platform under HMC Capital.

AUTHOR

Perpetual scraps KKR deal

Perpetual/KKR/

Perpetual has made a major announcement about its deal with KKR after an independent expert ruled it would not be in the best interest of shareholders.

AUTHOR

‘Clear skies ahead’ for Clime IM after cost out completion

Clime/Clime-Investment-Management/board/appointments/infocus/Madison/

Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.

AUTHOR

What is AFCA ruling on UGC determinations?

AFCA/CSLR/compensation/complaints/

With United Global Capital expected to constitute a substantial portion of CSLR compensation in FY25–26, what has AFCA ruled in its determinations on the company so far?

AUTHOR

Viola Private Wealth welcomes inaugural CIO

wealth-management/chief-investment-officer/appointment/

As Viola Private Wealth continues on its growth trajectory, the wealth management firm has appointed a seasoned investment professional to be its first chief investment officer.

AUTHOR

MA Financial sets its sights on $15bn AUM

private-credit/funds-management/private-markets/Alternatives/

MA Financial’s AUM surpassed $10 billion in its 2024 full-year results, as the alternative asset manager looks to achieve $15 billion in AUM by the end of next year.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 1 week ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

3 weeks 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

4 weeks ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

2 weeks 6 days ago