Latest News

Anton Murray - Latest News

Xinja pulls largest Aus equity crowdfunding

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

InvestorDaily

Xinja Bank has raised nearly $2.6 million in its second equity crowdfunding campaign, the largest achieved in the country, with the company saying that Australians are looking to digital banking following the royal commission.The amount raised from the sale of shares on the Equitise crowdfunding platform beat the previous record of $2.44 million Xinja raised in its first campaign early last year. Shares in this round were offered at $2.04, rising up from $1.20 in the first campaign.

According to the neobank, it now has more than 2,500 investors, with over 1,500 in this round and 1,222 in the first, and more than 200 participating in both rounds. The majority of investors, Xinja said, were aged between 24-44, with the percentage of women backing the campaign increasing to 27 per cent, from 17 per cent in the first round. “This equity crowdfund campaign shows that Xinja’s call to shake up the banking sector resonates with many thousands of Australians,” said Eric Wilson, chief executive and founder, Xinja.

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

Over 100 Financial Institutions Restricting Coal Funding

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

InvestorDaily

New research has revealed that over 100 major global financial institutions have introduced policies restricting coal funding. The research from the Institute for Energy Economics and Financial Analysis has found that global capital is leaving the coal sector at fast pace. Since 2013, coal exit announcements have occurred at a rate of over one per month form banks and insurers holding more than US$10 billion worth of assets under management.

Since the start of 2018, there have been 34 new or improved announcements from global institutions restricting coal, making an average of one new announcement every two weeks. The first restriction came from The World Bank in 2013 with the 100th coming from the European Bank of Reconstruction and Development. Since the beginning of 2019, moves have come from banks in the UK, Canada, Finland, South Africa and Austria.

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

Investment Managers Give Female Finance Students Grants

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

InvestorDaily

Plato Investment Management and Pinnacle Investment Management have teamed up with the University of Queensland to provide nine $5,000 scholarships and nine internships to female undergraduate students this year. Although women made up 55 per cent of the workforce in the financial and insurances sector last year, according to the government’s Workplace Gender Equality Agency, there was a clear gender gap across senior positions and the sector’s pay gap remained the largest of any industry. Only 7.4 per cent of CEO positions in the sector were occupied by women, along with 26.4 per cent of key management personnel roles, 26.2 per cent of other executives/general managers and 34.7 per cent of senior managers.

Plato Managing Director Dr Don Hamson said change was needed and he sees the partnership as an important step towards empowering students to join the profession and creating a more sustainable and equitable future for the industry. “Investment management is a global industry, and the diversity of our people, ideas and experiences is just as important for success as the diversity of our funds,” Dr Hamson said. “This starts with building the pipeline at the university level and doing what we can to improve the number of women applying for jobs and holding leadership positions,” he said.

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

Young Traders Entering Share Market in Record Numbers

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

InvestorDaily

A new breed of investor is coming into the sharemarket in record numbers according to new data from nabtrade. The data from nabtrade showed that Gen Z and Gen Y investors had increasingly joined the sharemarket over the past twelve months. Gen Z participation was up 72 per cent while Gen Y participation had increased by 20 per cent over the past twelve months to the end of 2018.

Nabtrade’s director of SMSF and investor behaviour Gemma Dale said turnover among older generations continue to grow but it was young investors who were shaking up the market. “Over the past two years, we have seen a significant rise in the number of young investors turning to the sharemarket for wealth creation. These are serious investors, who are studying the local and international sharemarkets closely and buying shares they know, and investing for the long term,” she said.

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

State Street names new APAC head

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

InvestorDaily

State Street Corporation has picked a new head of its Asia-Pacific business, with the incumbent to step down after eight years. Ian Martin will be taking the job in addition to his current responsibilities as head of global services in the region, succeeding Wai-Kwong Seck who the company says has decided to pursue other opportunities closer to his hometown of Singapore. Mr Martin has been with State Street for 25 years, having held a number of leadership roles across the firm and in multiple locations in the region.

He will be based where he currently is in Hong Kong and report Andrew Erikson, head of global services worldwide. “Ian has led the majority of State Street’s businesses in the region throughout his career including investment servicing, trading and research within Global Markets, and our data and analytics businesses,” Mr Erickson said. “With his knowledge and experience across our businesses, I am very confident that Ian will build further on our business growth in Asia-Pacific by delivering high quality solutions and services.”

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