Cassandra Baldini

Too much power has rested in the hands of PwC chief executives, who are elected in a presidential-style campaign and, other than maintaining popularity, have unchecked authority, an independent review has found.

Bennelong Funds Management has joined forces with Leadenhall Capital Partners LLP to distribute its insurance linked securities (ILS) strategies to institutional investors in Australia and New Zealand.

Disgraced former PwC head of international tax Peter-John Collins has been banned from providing financial services or controlling an entity that carries on a financial services business for eight years.

NAB is ramping up its support of First Nations businesses, setting a $1 billion lending target over the next three years.

La Trobe Financial is harnessing its global network to expand offshore, with the initiative kicked off with the introduction of the La Trobe US Private Credit strategy, a product created in collaboration with Morgan Stanley.

Equity Trustees has given notice that it intends to wind up the trust that underlies the collapsed Australian Corporate Bond Company (ACBC), requesting Cboe Australia allow it to delist its exchange-traded bond (XTB) products.

Virtual Business Partners (VBP) has established new positions within its leadership team following its acquisition of Elixir Consulting.

Australia’s major banks have achieved skyrocketing returns of $32.5 billion, up 14% from last year, driven by loan growth, margin expansion and the continued decline in notables.

The Association of Superannuation Funds of Australia (ASFA) has appointed Mary Delahunty as its incoming chief executive, set to commence the role in February.

Financial advice businesses must supercharge their capabilities, expand their capacity, and scale up to reach and serve more Australians.