The property group has announced the sale of its European funds management platform for $457 million as it looks to Australia and New Zealand for future growth.
Australian Ethical has announced it has entered into a binding agreement to acquire a sustainable fixed income manager, increasing its FUM by around $2 billion.
Colonial First State has reached $1 billion in funds under administration on its Edge platform, having launched last August.
A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches.
Russell Investments has appointed a new head of Asia-Pacific, six months after appointing Pete Gunning to the role.
ASIC has flagged the 2022 case of RI Advice as an example of the need for cyber security measures within a financial services firm as chair Joe Longo warns a cyber attack “is almost inevitable”.
ASIC has issued information for AFS licensees clarifying what they need to do if their adviser wishes to access the experience pathway.
Schroders head of fixed income for Australia, Stuart Dear, has identified two areas of the fixed income market that he believes are currently attractive to investors.
Pengana Capital Group has exceeded the minimum subscription on its Pengana Global Private Credit Trust IPO, two days after launching.
The Financial Services Council is proposing to make the sophisticated investor test less subjective as currently wholesale fund managers are hesitant to apply it.
