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22 November 2019 • By Sarah Simpkins • 1 min read

Westpac banks most wealthy customers out of big 4

New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its ...

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Westpac: Indifferent or incompetent?

Westpac can’t pretend this is business as usual. AUSTRAC is taking the bank to court for over 23 million alleged contraventions of money laundering ...

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NAB cops $49.5m class action settlement

NAB has settled a class action brought against it for its consumer credit insurance sales, agreeing to cough up $49.5 million. Law firm Slater and ...

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Can ScoMo have his surplus and spend it too?

Prime Minister Scott Morrison has brought forward infrastructure spending but refuses to open the fiscal floodgates. The delivery of a budget ...

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Investment management fees among the cheapest in the world

EXCLUSIVE The Australian head of a global asset manager says investment management fees paid by Australian super funds are among the cheapest in the ...

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KKR LIT begins trading on ASX after $925m raise

A listed investment trust that provides access to KKR’s global credit income capabilities has commenced trading on the ASX. The listing follows the ...

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Nuveen president to become CEO

Global asset manager Nuveen will elevate its president Jose Minaya to the role of chief executive, while current chief Vijay Advani is becoming ...

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IML hires key account manager

Investors Mutual Ltd’s (IML) distribution team has appointed Paul Voges as its new key account manager, with the company aiming to target independent ...

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Ex-UBS investment head joins Escala

Wealth management firm Escala Partners has appointed former UBS head of investment strategy Tracey McNaughton as its new chief investment officer

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Rice Warner chief returns to ASFA board

Andrew Boal, chief executive of Rice Warner and Colonial First State general manager, product Kelly Power have joined the board of the Association of ...

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