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23 March 2023 • By Jessica Penny • 1 min read

MLC makes key investment team changes

Two internal appointments have revamped the asset managers’ capital markets leadership.  MLC Asset Management has announced the appointment of ...

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Fed hikes but tone shift stokes pessimism, confusion

The Federal Reserve considered a pause ahead of its latest monetary policy meeting in lieu of ongoing volatility in the banking system.  The US ...

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‘Troubling’ Credit Suisse takeover to undermine competition

The UBS acquisition of Credit Suisse is likely to cause “significant competitive issues”, according to a wealth industry analyst. Swiss regulators ...

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ASIC demands ‘meaningful improvements’ from super funds on insurance outcomes

ASIC has urged super funds to make meaningful improvements to their life insurance arrangements in order to deliver better outcomes for members

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Maple-Brown Abbott introduces global emerging markets fund

The investment manager’s new actively managed fund invests in a range of listed companies across global emerging and frontier markets

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Sequoia provides updates on Morrison Securities divestment

The company previously announced that it had agreed to divest 80 per cent of Morrison Securities to New Quantum Holdings. Sequoia Financial Group ...

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Australian banking system best placed to withstand crisis, says industry professional

Australia’s robust regulatory environment and consolidated banking industry have rendered it “well protected” against the bank failures seen in the ...

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Credit Suisse bond wipeout a ‘wake-up call’ for Australian investors

The write-off of over $25 billion in hybrid bonds issued by Credit Suisse should serve as a warning for Australian investors, according to a Pendal ...

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RBA adds fuel to pause rhetoric

RBA members agreed on 7 March to consider a pause at next month’s meeting. Members of the board of the Reserve Bank of Australia (RBA) were already ...

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1 in 4 CFOs seek to diversify bank deposits

The recent string of bank failures has spooked CFOs, with 28 per cent looking to diversify their deposits across more banks, according to Gartner

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