News
Managing Director Appointed at RBC
InvestorDaily London-based asset service provider RBC Investor & Treasury Services has appointed a former JPMorgan Chase executive to the role of managing director. Marian Azer, who has over 20 years’ experience, joins RBC Investor & Treasury Services (I&TS) and will take up the role of managing director as well as head of product management – Asia-Pacific and chief operating officer – […]
Zurich Acquires ANZ’s OnePath
MoneyManagement Zurich Financial Services Australia Limited has acquired ANZ’s insurance business, OnePath. The two companies announced this morning that Zurich had entered into an agreement to acquire the OnePath life and consumer credit insurance business (OnePath Life) from ANZ for $2.85 billion, inclusive of an upfront reinsurance commission. The two companies said the transaction, which is […]
REST Names New Chief Executive
InvestorDaily Industry super fund REST has appointed AMP’s head of superannuation as its new chief executive, replacing the outgoing Damian Hill. REST has named AMP director of superannuation, retirement and investments Vicki Doyle as its new chief executive, effective in 2018. Ms Doyle will replace long-serving REST chief executive Damian Hill, who announced his intention to […]
Australia ‘Bucking a Global Trend’ of Deregulation
InvestorDaily The announcement of a royal commission may suggest tighter regulation for the Australian banking sector at a time when other regions are focusing on deregulation, says AMP Capital. Speaking to InvestorDaily, AMP Capital chief economist Shane Oliver said that the news of a royal commission – “another inquiry” – introduced an element of uncertainty into […]
Global Growth Headed for 6-year High
InvestorDaily Global economic growth looks set to reach 3.7 per cent in 2018, a level not seen in more than six years, says State Street Global Advisors. According to the 2018 Global Market Outlook report by State Street Global Advisors, improvements in growth around the world will see the global growth rate lift to “its historic trend […]
ANZ Chief Risk Officer to Retire
InvestorDaily ANZ has announced its chief risk officer Nigel Williams will retire in 2018 after a 33-year career in the banking industry. Nigel Williams will step down from the role at the end of March 2018, having started in the position in 2011 after joining the major bank in 2004, according to a statement. Prior to his […]