AMP and Iress directors join AICD board

AICD/board-of-directors/

AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.

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Advice opportunity as billionaires rise in Australia

UBS/HNW/high-net-worth/financial-advisers/

There has been a 16.3 per cent rise in the wealth of Australian billionaires this year to over $200 billion, UBS finds, as Australian advisers shift their offerings to meet this expansion and service their unique needs.

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Perpetual/KKR deal ruled ‘not in best interest of shareholders’

Perpetual/KKR/shareholders/australian-equities/equities/wealth-management/

An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.

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AZ NGA seeks to triple in size as Oaktree deal completes

AZ-NGA/Oaktree-Capital-Management/M&A/

AZ NGA is looking to triple in size over the next five years as US investment giant Oaktree completes its $240 million investment in the professional services company.

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E&P moves to non-executive board

Dixon-Advisory/e&p/E&P-Financial-Group/

E&P Financial Group has announced director Tony Johnson will move into a non-executive capacity next year, meaning chief executive Ben Keeble will be the only executive remaining on the board.

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Firetrail’s investment strategy head Doyle among 4 to exit

firetrail/Pinnacle-Investment-Management/

Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.

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Insignia Financial appoints MLC & OnePath custodian

insignia/insignia-financial/bnp-paribas/custodian/

The Australian wealth management firm has named a custodian for its MLC and OnePath businesses following an extensive tender process.

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Where could be the next M&A target in 2025?

platforms/technology/fintech/amp/iress/

Experts believe rival licensee AMP and technology software firms could be next on the list for private equity firms looking to enter the Australian market.

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Asian asset manager makes acquisition to support Australian private credit business

private-markets/M&A/private-credit/Asia/

Global real asset manager CapitaLand Investment has announced a key acquisition from Wingate as part of its growth strategy in Australia.

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ASIC confirms finalised industry funding levy

ASIC/ASIC-levy/levy/financial-advice/AFSL/

ASIC has announced its finalised industry funding levy, detailing how much licensees will have to pay for the 2023–24 financial year and how it compares to original estimates.

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