Pacific Current turns to growth following divestment spree

Pacific-Current-Group/divestment/funds-management/

| By Jasmine Siljic |

Reporting a half-year profit increase of 757 per cent following multiple divestments, Pacific Current Group is now exploring existing and new investment opportunities to accelerate growth.

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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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Platinum makes major investment team shake-up

Platinum/Platinum-Asset-Management/exit/Andrew-Clifford/

| By Laura Dew |

Funds management

Platinum Asset Management has announced co-chief investment officers Andrew Clifford and Clay Smolinski are to step down from their roles.

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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Iress CEO warns on underestimating firm's wealth push

iress/advice-technology/fintech/financial-advice/

| By Laura Dew |

Financial planning

Iress chief executive Marcus Price has shared how he is seeing “massive tailwinds” in financial advice in Australia, with the firm turning its attention to digital advice following the completion of its transformation project.

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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Centrepoint identifies 3 growth opportunities for advice business

Centrepoint/centrepoint-alliance/financial-advice/

| By Keith Ford |

Financial planning

Licensee Centrepoint Alliance has shared its first half FY25 results with strong performance coming from the acquisition of Financial Advice Matters.

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Keith Ford

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AZ NGA appoints former Fitzpatricks chief as CFO

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

| By Jasmine Siljic |

Financial planning

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

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Jasmine Siljic

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Selfwealth M&A battle continues with Svava binding proposal

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

| By Jasmine Siljic |

Funds management

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.

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Jasmine Siljic

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RQI Investors confirm dual research hires

realindex/First-Sentier-Investors/appointments/

| By Jasmine Siljic |

Funds management

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

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Jasmine Siljic

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‘Textbook succession plan’ stems Magellan infrastructure outflows

Magellan/Magellan-Financial-Group/departure/

| By Laura Dew |

Funds management

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

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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Payton Capital creates head of credit role

Alternatives/private-credit/funds-management/

| By Jasmine Siljic |

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.

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Jasmine Siljic

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Perpetual scraps KKR deal

Perpetual/KKR/

| By Laura Dew |

Funds management

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

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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