Latest News

Anton Murray - Latest News

Macquarie announces $1.25bn half-year profit

Posted by Anton Murray Consulting on . Posted in Funds Management News, Investment Banking News, News

InvestorDaily

Macquarie has posted a $1.25 billion net profit for the six months to 30 September 2017, up 19 per cent on the prior corresponding half-year. The Macquarie result is up 7 per cent on the half-year ended 31 March 2017, and up 19 per cent on the half-year ended 30 September 2016. The investment bank saw its operating income increase 3 per cent on the prior corresponding period to $5.4 billion.

Macquarie’s annuity-style businesses increased their contribution to the group’s net profit (up 28 per cent on the prior corresponding period) while the capital markets-facing businesses saw their contribution decrease by 18 per cent. The group’s assets under management as at 30 September 2017 was $473.6 billion, down 2 per cent from 31 March 2017. The bank’s core equity tier one ratio sits at 11 per cent, and the bank’s leverage ratio is 6.1 per cent.

The rest of this article can be found at investordaily.com.au.

‘Neobanks’ to crowdfund through Equitise

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

InvestorDaily

Crowdfunding legislation passed last month has allowed for fully digitised “neobanks” such as Xinja to raise capital through online crowdfunding platform Equitise. Online bank start-up Xinja has announced plans to access crowdfunding through the Equitise platform in a move that Xinja chief executive Eric Wilson has said will allow Australians to “build their own” bank. “Xinja is all about creating a new kind of banking experience — and crowdfunding ispart of that,” Mr Wilson said.

“If people want a new kind of bank, this is their opportunity to build their own.” Through Equitise, investors will be able to invest amounts as low as $1,000 from late November or early December. According to a spokesperson for Xinja, “at least $500,000” was “likely” to be raised through crowdfunding, contributing to the digital bank’s “current $10 million to $15 million round”. Capital raised from the crowdfunding will go towards “developing Xinja’s core banking platform”, the spokesperson said.

The rest of this article can be found at investordaily.com.au.

Asia-Pacific dominates IPO activity

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

InvestorDaily

Initial public offering deals in Asia-Pacific constituted more than half (65 per cent) of IPO deals across the world this year, according to EY. A recent EY report, titled Global IPO trends: Q3 2017, revealed Asia-Pacific led in IPO activity this year, with the number of IPOs in the region increasing by 72 per cent to 690 exchanges since 2016, with China, Hong Kong and Australia among the high performers in the region. “Asia-Pacific is expected to continue to see robust IPO activity for the rest of 2017,” the report said.

“China is expected to remain dominant due to massive demand for technology IPOs while the Australian IPO market is expected to continue to be strong, led by exceptional post-IPO performance and the return of resources companies.” China took the lead in IPO exchanges, hosting 353 IPOs between January and September, followed by Hong Kong with 105 exchanges and Australia with 61, an EY spokesperson said. Commenting on the report, EY Asia-Pacific IPO leader Ringo Choi said the region had “tightened its grip on the global IPO market in the third quarter” with the outlook for the fourth quarter, “historically the year’s busiest for new listings”, being “even more upbeat”.

The rest of this article can be found at investordaily.com.au.

Sokulsky to Lead Internalised Management at Aberdeen

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

Money Management

Former Crestone chief investment officer, Dr David Sokulsky has been appointed as chief executive officer and chief investment officer of Aberdeen Asset Management’s Aberdeen Leaders Limited. Confirmation of Sokulsky’s appointment followed on from the news that Crestone had appointed former UBS chief economist, Scott Haslem as Sokulsky’s successor. Announcing Sokulsky’s appointment to the Australian Securities Exchange (ASX), Aberdeen said it had followed its decision to internalise the management of the company.

“The overall investment strategy of Aberdeen Leaders Limited will not change with this appointment,” the ASX announcement said. It said Sokulsky, together with a small team of yet to be appointed investment professionals, would ensure the investment universe and distribution policy of the company remained the same. “While continuing to focus on fundamentally strong companies with attractive valuations, the tam will also place a heavy emphasis on top-down macro or sector tailwinds,” it said.

This article can be found at investmentcentre.moneymanagement.com.au.

Scott Haslem leaves UBS for Crestone

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

The Australian

Former UBS Australia and New Zealand chief economist Scott Haslem has joined Crestone Wealth Management, the product of a management buyout of UBS’s operations in mid-2016, as the company’s new chief investment officer. Mr Haslem flagged his departure from UBS earlier this year for opportunities outside sell-side research. He had been with UBS since 1998. Mr Haslem replaces Crestone’s David Sokulsky in January. Crestone, the rebadged UBS wealth management arm that was offloaded to staff for an undisclosed sum, recently announced the appointment of Sheila McGregor to the company’s board as the group moves towards a majority independent directors model.

As part of the changes, former UBS executive Anna Schibrowski has left the firm, while Crestone chief operating officer Michelle Inns, a founding director, also stood down from the board to focus solely on her management role. Former Westpac executive Peter Hawkins has also joined as a non-executive director. Prior to joining UBS, Mr Haslem worked at the Reserve Bank of Australia as an economist. “Having formerly been at UBS, one of Crestone’s strategic partners, Crestone’s culture, business model, scale and client orientation resonates strongly,” Mr Haslem said. “Crestone has a unique opportunity in the Australian market that is very exciting for the business and its clients,” he said.

The rest of this article can be found at theaustralian.com.au.