News

News

Atlassian Sydney HQ will be world’s tallest hybrid timber tower

Posted by Anton Murray Consulting on . Posted in News

Business News Australia

Software giant Atlassian aims to “turbo-charge” Australia’s tech economy with the help of a new architecturally progressive precinct at Central Station in Sydney. The NYSE-listed company unveiled plans today for its new headquarters to become the world’s tallest hybrid timber building, concocted by the same architecture firm that designed Uber’s headquarters in San Francisco. Atlassian is spearheading the project as part of the NSW Government’s plan to build a new tech precinct attracting 25,000 workers.

Construction of the 40-storey building is expected to generate 2,500 jobs during construction, and as the anchor tenant Atlassian plans to have 4,000 staff in its HQ once complete in 2025. Designed by New York-based architects SHoP with Australian practice BVN as the design team, the sleek timber tower is blended with a glass and steel facade, creating a honeycomb-like effect interwoven with large planted terraces. The project has plenty of natural ventilation and will feature solar panels in the vertical facades to generate green power on site.

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

 

AMP Capital gets new CEO

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InvestorDaily

AMP Capital has announced the head of its global infrastructure equity business will succeed the retiring CEO. Boe Pahari will succeed Adam Tindall as chief executive of AMP Capital, effective 1 July. Mr Pahari is currently AMP Capital’s global head of infrastructure equity and director, north-west region (UK, Europe and the Americas).

He joined AMP Capital in 2010 and has led the development and global expansion of the infrastructure equity business and has been a “key driver” in AMP Capital’s growth over the past five years. “With Adam’s decision to retire, we have sought to appoint a leader with a global view and track record for growth,” said AMP chief executive Francesco De Ferrari. “Boe has led the international expansion of our infrastructure equity business over the past six years, demonstrating his capability and strategic acumen.

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

ScoMo kicks recovery into overdrive

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InvestorDaily

The Prime Minister has unveiled his plan to boost the recovery through deregulation and massive infrastructure spending. Over $100 billion of economic activity has been lost this year, while the federal budget is set for “record deficits” this year and next year due to massive stimulus spending and revenue hits. “This will require us to recalibrate our fiscal strategy,” Prime Minister Scott Morrison said.

“Such expenditure, where carefully planned and controlled, will support growth and it will boost confidence. But we must be extremely cautious about our expenditure, especially as we navigate our way back from the record fiscal supports now in place.” Mr Morrison announced a priority list of 15 major projects worth $72 billion in public and private investment that are on the “fast-track for approval”, including an inland rail link from Melbourne to Brisbane, an extension to the Olympic Dam in South Australia, and emergency town water projects in NSW.

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

CBA Loses Private Banking Head

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IFA

The head of the bank’s private banking business, and former head of its advice arm, will step down following the conclusion of an organisational restructure. Marianne Perkovic will depart CBA following a decision to combine the private banking business with its retail banking services division. Investor Daily understands other members of the Commonwealth Private leadership will remain in their roles to ensure continuity for clients.

“We can confirm that Marianne Perkovic will be leaving her position as [executive general manager] of Commonwealth Private, and will finish up with CBA in October,” a spokesperson told ifa sister title Investor Daily. “Marianne has been with CBA for more than 10 years, and been at the helm of Commonwealth Private since 2016. “She has been instrumental in driving multiple improvements within the business to make it simpler and better for our private clients, and will leave it in a strong position when she leaves CBA later this year.”

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

First Sentier appoints independent non-executive directors

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

InvestorDaily

First Sentier Investors has appointed two financial services veterans to its board as independent non-executive directors. Following its sale last year to Mitsubishi UFJ Trust and Banking Corporation – a wholly owned subsidiary of Mitsubishi UFJ Financial Group – First Sentier Investors announced its intention to operate as a standalone investment manager governed by a board of directors. Michelle Tredenick and Richard Wastcoat have now been appointed as independent non-executive directors, effective immediately.

“I am pleased to welcome Michelle and Richard to the board as non-executive directors of First Sentier Investors Holdings,” said chairman Sunao Yokokawa. “As a standalone business, they will play an important role in ensuring we align with best practice corporate governance.” Ms Tredenick has held senior roles at NAB, MLC, and Suncorp, and currently holds board roles at Insurance Australia Group, Bank of Queensland, and Cricket Australia. She has twice been awarded Banking and Finance CIO of the year and is a fellow of the Institute of Company Directors.

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

Major institution announces new wealth chair

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InvestorDaily

A big four bank has appointed a new chair of its wealth business as it seeks to separate the business from its core banking offering. In a statement, NAB said it had appointed Robert Coombe as non-executive chairman of National Wealth Management Services Limited, the head company of the MLC Wealth business. NAB chairman Philip Chronican said the appointment of Mr Coombe would be the first in a series of appointments of independent board members to the wealth business as NAB sought to establish MLC as its own separate entity from the bank.

“Rob has the right leadership skills and experience for MLC as it separates from NAB at a critical time for the wealth management sector and its clients,” Mr Chronican said. “He has extensive relevant experience in wealth management and financial services including superannuation, asset management, retail and private banking and financial advice businesses. MLC is well progressed in its plans to reshape, restore and renew its business and this appointment represents another important milestone in its establishment as a standalone business with strong corporate governance.”

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

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