Insignia Financial, the ASX-listed wealth group that owns the 138-year-old MLC brand, lost the most retirement savings to rival superannuation providers as customers moved to industry funds and into self-management. Some $74…
Month: March 2025
Ross McEwan prepares to take the chairman’s office at BHP
Ross McEwan has had a few weeks to brush up on his history. The former National Australia Bank chief executive was announced as the next chairman of the country’s largest miner, BHP,…
MinterEllison partners in line for more lucrative paydays
MinterEllison has quietly amended the way it pays its partners to increase their earnings capacity as it responds to demands from its highest-performing lawyers and fights off chequebook-wielding rivals. The changes at…
Dion Lee’s collapse blows up the wealthy Levis retailing family
The wealthy retailing family behind women’s fashion brands including Cue Clothing, Veronika Maine and Dion Lee are at war, with former executive director Justin Levis suing his parents over their succession plans….
Plenary anoints new CEO, eyes $3.7b Brisbane Olympics stadium
Infrastructure investor Plenary, whose portfolio ranges from Sydney’s new Metro to university accommodation in Canada and the Middle East, has anointed a new CEO after completing the sale of a 49 per…
ASIC death benefits review reveals shameful way funds treat your money when you die
When all we really judge super funds on are their returns, we get an industry hell-bent on trying to make 10 per cent a year for members then marketing the hell out…
Michael Hintze, the hedge fund veteran, on the rise of machines, and returns
London | Among the many challenges to making money out of markets right now, one stands out for Michael Hintze. It’s not the Trump administration’s tariff acrobatics. Nor is it some geopolitical…
Di Pilla’s HMC Capital is elbows-first with Healthscope proposal
David Di Pilla’s HMC Capital has lobbed a takeover proposal for the country’s second-largest hospital group Healthscope, after several weeks of legwork that included wedging itself into the target’s $1.6 billion debt…
Executive changes disrupt big banks as Bank of Queensland sounds out CEO candidates
The only constant is change is a saying drawn from the millennia-old doctrines of Greek philosopher Heraclitus. It could not be more true among the ranks of Australian banking executives today. The…
Federation plots a path from asset manager to batteries developer
Federation Asset Management says it will launch a multibillion-dollar platform that specialises in investing in large, long-duration batteries in a significant step-up in its portfolio of renewable energy assets. Federation, which manages…