Investment Banking News

Investment Banking News

Global investment manager appoints sustainability director

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

InvestorDaily

The new director will be tasked with implementing the firm’s net zero commitments. Ninety One has announced the appointment of Daisy Streatfeild as sustainability director. While leading the global investment manager’s net zero strategy, Ms Streatfeild will also work with the investment teams to develop sustainability products and clients to assist their approaches to sustainable investing.

Ms Streatfeild joins Ninety One from the Institutional Investors Group on Climate Change (IIGCC), where she worked as programme director and helped to establish the Paris Aligned Investment Initiative. Prior to that, she worked as an advisor for sustainable infrastructure at the Inter-American Development Bank Group as well. “As a signatory to the Net Zero Asset Managers Initiative, Ninety One is committed to ensuring that our portfolios achieve net zero emissions by 2050,” Ninety One chief sustainability officer, Nazmeera Moola, said.

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

Aussies will pay up to 80% more for ESG leadership: study

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

InvestorDaily

New research suggests that companies can achieve ‘substantial’ top-line growth by being a leader in ESG. A new study conducted by global management consulting firm, Kearney, has revealed that Aussies are willing to pay between 40 and 80 per cent more for leading performance across environmental, social and governance (ESG). Additionally, the firm found that between 20 to 35 per cent of Aussie respondents would be more willing to purchase goods and services with ESG leadership.

“Around the world, companies are trying to embrace ESG practices in an authentic way, but still tend to view ESG as a cost to the top line,” said Kearney ANZ ESG lead, strategic operations lead and partner, Kate Hart. “Our data shows that integrating ESG principles into a product’s life cycle can actually give companies the competitive advantage they are seeking, positioning them favourably in the eyes of consumers and helping their products to stand out from the crowd.” Kearney suggested that companies needed to meet three key requirements to benefit from the potential increased market share and pricing premium.

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

New options added to North’s investment menu

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

InvestorDaily

The investment platform has added the options progressively since December. North has confirmed 18 more options to its menu which cover equities, property, bonds and technology. The additions come after North launched two partnered managed portfolios with advice practices, Milestone Financial and Coastline Advice. InvestSense has been appointed as investment manager for both portfolios.

“Providing advisers and their clients with access to a diverse and growing range of high-quality and contemporary investments is a fundamental aspect of our strategy for North,” AMP director Edwina Maloney said. “We’ll also continue to draw on our knowledge of financial advice to work with more advice practices and investment managers to develop tailored managed portfolios, recognising the value they provide their clients.” In 2021, over 140 investment options were added to North’s investment menu, including a number of ESG-focused and innovation-based options.

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

Investors set to receive over $36bn in dividends

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

InvestorDaily

Dividend payouts from the latest reporting season could deliver benefits to the stock market and consumer spending. CommSec has estimated that more than $36 billion in dividends will be paid out by Australian companies following the latest reporting season. Investors have already received more than $5 billion in recent weeks, with dividend payments expected to peak next week at $20 billion.

While lower than the $41 billion paid out in dividends during the previous reporting season in August 2021, CommSec estimated that the February 2022 interim reporting season would exceed both February 2021 ($25.8 billion) and February 2020 ($27.5 billion). Amid market volatility, rising cost pressures and the impacts of recent floods, CommSec chief economist Craig James noted that investors now faced a choice. “Those investors that still elect to receive dividend payments direct to their bank accounts can choose to spend the extra proceeds, save the proceeds (leave it in the bank) or use the funds in combination with other savings and reinvest into shares or other investments,” he said.

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

ANZ becomes the first bank to issue an Australian dollar stablecoin

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

InvestorDaily

ANZ Bank has announced the successful execution of the first ever Australian bank-issued stablecoin payment, pegged to the Australian dollar, through a public permissionless blockchain transaction. ANZ confirmed in a statement it delivered the stablecoin for Victor Smorgon Group via Zerocap, a private wealth management firm for digital assets. “An ANZ-issued Australian dollar stablecoin is a first and important step in enabling our customers to find a safe and secure gateway to the digital economy,” said ANZ banking services lead, Nigel Dobson.

A stablecoin is a cryptocurrency with a value linked to a commodity, currency or algorithm to manage supply. ANZ minted 30 million of A$DC using an ANZ built Ethereum Virtual Machine (EVM) compatible smart contract deployed through the Fireblocks platform, allowing Victor Smorgon Group to transact the funds to Zerocap within minutes. “Stablecoins are a new way for customers to transact and in this case was an efficient and direct way for Victor Smorgon Group to access Zerocap’s digital asset exchange and move funds across a decentralised network,” said Mr Dobson.

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

Perpetual offers to buy Pendal for $6.23 per share

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

InvestorDaily

Perpetual has made an offer to acquire 100 per cent of the shares in Pendal for an indicative $6.23 per share. In an ASX listing on Monday, Pendal revealed it has received a conditional, non-binding indicative proposal from Perpetual to acquire 100 per cent of the shares in Pendal by way of a scheme of arrangement. The offer is 1 Perpetual share for every 7.5 Pendal shares plus $1.67 cash, representing an indicative value of $6.23 per Pendal share.

While the value of the indicative proposal will fluctuate daily in line with the Perpetual share price, based on the proposed component of scrip consideration Pendal shareholders would own approximately 48 per cent of the merged entity. Pendal’s board has begun assessing the proposal, alongside the outlook for Perpetual and the proposed combined group. “The Pendal board notes that the indicative proposal has been put forward at a time when significant geopolitical instability, the economic impacts of the ongoing COVID-19 pandemic and broader market volatility has disrupted the global markets in which Pendal operates,” the company said in the ASX listing.

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

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