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15 July 2016 • By Tim Stewart • 1 min read

HNW investors ditching model portfolios

Product providers looking to target high-net-worth (HNW) investors should rethink their distribution strategy if it depends upon inclusion ...

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ASIC uncovers 'misleading and deceptive' IPOs

An ASIC review of due diligence during the IPO process has uncovered prospectuses with "defective" levels of disclosure, 'box-ticking' approaches and ...

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High household debt risky for banks: Moody's

Low interest rates and rising household debt are placing pressure on major banks and skewing risk to the downside, according to Moody’s Investors ...

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Unemployment ticks up to 5.8% in June

The unemployment rate edged up to 5.8 per cent in June, in line with market expectations, meaning wage growth is likely to remain "subdued", says ...

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Former ANZ trader drops lawsuit

A former ANZ trader who was sacked in September 2015 has abandoned his lawsuit against the bank. Etienne Alexiou and another sacked former trader, ...

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New portfolio manager for Man GLG

Discretionary investment manager Man GLG has named Phil Yuhn as portfolio manager for the emerging markets debt team. Mr Yuhn joins the company ...

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KPMG grows wealth management arm

KPMG has announced the appointment of Maryanne Scroggie to its wealth management division. Ms Scroggie makes the move from UniSuper, where she was ...

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New board director for ME Bank

Former finance lawyer and Order of Australia recipient Cheryl Bart has been appointed as a director of the ME Bank board. Ms Bart – who started her ...

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IFM expands debt team

Global fund manager IFM Investors has named Joseph Braun associate director of North American debt investments. Mr Braun was previously associate ...

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DMP names new executive  

DMP Asset Management has appointed former ANZ executive Angus Graham to the role of executive manager, sales. Mr Graham, who was previously ANZ’s ...

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