St George realigns retail and wealth management
St George Bank has announced what it describes as an “organisational realignment”, which will see the creation of a new retail bank and wealth management division.
The move sees the integration of the retail financial services and retail business divisions, which will now be headed by Paul Fegan.
The chief executive of Asgard Wealth Solutions, Geoff Lloyd, will report to Fegan, but will join the group executive management team.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.