Challenger Bank sale process drags on 14 February 2024 5:26AM Latest news John Kavanagh The sale of Challenger Ltd’s banking subsidiary to Heartland Group was expected to be completed by the end of June 2023, but yesterday Challenger disclosed that the transaction will not be completed u.. read more
MA Financial expands into US credit market 03 May 2023 6:10AM Latest news Asset manager MA Financial Group has acquired US credit asset manager Blue Elephant Capital Management, as it pushes further into the credit and fixed income investment markets. read more
IFM, APRA, banks float in carbon cackle 07 September 2021 6:09AM Latest news Ian Rogers IFM Investors is targeting zero coal exposure by 2030, and APRA is ordering banks to take a long hard look at their mortgage funding to credibly respond to climate change. read more
Cashwerkz moves into bonds 25 August 2020 6:00AM Latest news John Kavanagh Cashwerkz has launched a new service offering bonds and other fixed income products to wholesale investors and financial advisers. read more
Cerberus snaps up another local finance company 24 August 2020 5:47AM Latest news John Kavanagh Westpac has entered into an agreement to sell its Vendor Finance business to Angle Finance, which is part of global asset manager Cerberus Capital Management. read more
Banks’ exit hits planner ranks 12 August 2020 6:10AM Latest news John Kavanagh Australia’s financial planning ranks are in decline, led by a 25 per cent fall in the number of advisers aligned to banks in the year to June. read more
IOOF 'diluted' CMT payouts 13 August 2018 3:47PM Finance regulation Banking Day staff The forthcoming takeover by IOOF of ANZ's wealth business may provide a circuit-breaker for APRA's "governance concerns" over the wealth manager. read more
Briefs: Centrepoint alliance CEO resigns, Perpetual lifts profits 25 August 2017 4:24PM Briefs Banking Day staff Centrepoint Alliance managing director and chief executive officer, John de Zwart, will leave the company in November. read more
Management buyout for JANA asset consulting 20 July 2017 4:47PM Major Banks Bernard Kellerman NAB's divestment of non-core businesses has continued, with senior management in NAB's asset consulting business, JANA, set to buy 55 per cent of the operation. read more
Briefs: Whitehead to lead Finsia, ANZ completes Notes 4 bookbuild, AMP makes board appointments 25 August 2016 3:35PM Briefs Banking Day staff Finsia has appointed former CUA chief executive Chris Whitehead as its new CEO. The financial services association has been without a CEO since Russell Thomas left in February. read more
Macquarie Investment Management failed to comply with its duties as a responsible entity 24 June 2016 4:03PM Finance regulation John Kavanagh The Australian Securities and Investments Commission has commenced proceedings in the Supreme Court of New South Wales against Macquarie Investment Management, to determine the appropriate penalty for.. read more