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PIMCO to welcome new head of Australia

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The fund manager has confirmed the departure of its local managing director and Australian head Rob Mead, naming two successors to take up his position.

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Pacific Current turns to growth following divestment spree

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

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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Platinum makes major investment team shake-up

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

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Iress CEO warns on underestimating firm's wealth push

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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.

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Centrepoint identifies 3 growth opportunities for advice business

Centrepoint/centrepoint-alliance/financial-advice/

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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AZ NGA appoints former Fitzpatricks chief as CFO

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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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Selfwealth M&A battle continues with Svava binding proposal

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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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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.

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‘Textbook succession plan’ stems Magellan infrastructure outflows

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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.

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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.

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