Legislation

Market risks appear more balanced, quality companies poised to win market share.

Australia’s Future Fund has named Sue Brake to take on the role of acting Chief Investment Officer at the $205 billion sovereign wealth fund. The fund promoted its former CIO, Raphael Arndt, to the role of Chief Executive Officer. Arndt has served as the Future Fund’s CIO since 2014, delivering exceptional returns, having joined in 2008.

When brand-new boutique investment house Federation Asset Management was introduced to “virtual” parcel delivery service Sendle, in 2018, it was a meeting of minds.

Former Commonwealth Bank executive Adam Bennett has been appointed as Suncorp’s chief information officer. He was previously at Commonwealth Bank for over 15 years and was most recently group executive business and private banking, executive general manager of local business banking and chief information officer for the bank’s retail and business banking divisions. He will…

Global asset manager State Street Corporation released a survey of institutional and sovereign wealth investment professionals last week. The report offered insights into a survey of 640 executives spanning defined benefit funds (33%), corporate pension plans (25%) insurance (32%) and sovereign wealth funds. The report was commissioned through data collection group CoreData and provided some…

As the world undergoes potentially the greatest economic calamity since the 1930s, Australians of all ages are experiencing anxiety and fear about their financial wellbeing In fact, the great majority of Australians do not have a relationship with a financial adviser. According to the latest research by AMP, the advice gap is wide and getting…

BNK Banking Corporation’s chief executive Simon Lyons has stepped down after over four years in the role. Lyons was chief executive of Goldfields Money prior to its renaming at BNK. The company’s deputy chair Don Koch has been appointed as interim chief executive while a search for a permanent replacement is undertaken. Koch has over…

Commonwealth Bank executive Andrew Hall has joined the Insurance Council of Australia (ICA) as its new chief executive. Hall was previously Commonwealth Bank’s executive general manager for corporate affairs for over seven years and before that was director of corporate and public affairs at Woolworths for over six years. Hall will take over from outgoing…

Following the March equity market correction due to the COVID-19 pandemic, global equity markets rebounded sharply in April, with the small cap sector outperforming. Although the short-term outlook remains uncertain, the market recovery was spurred on by several factors. Many companies were deeply oversold, with valuations having fallen significantly. Governments and central banks have responded…

Dividends from Commonwealth Bank of Australia (ASX: CBA) shares and the ‘Big Four’ have been put under the microscope. So far, CBA has held up the best of the majors. Below, I take you through how an analyst would look at the shares and ways to put a valuation on it. Obviously, I’ll keep things…

Investors hoping that the big banks will restore their dividends sooner rather than later are likely to be disappointed, as the earnings pressure on the banking sector will continue into the 2020/21 financial year. The banks’ March-half earnings (December-half in Commonwealth Bank’s case) fell by an average of 33 per cent, driven by big increases…

Stock markets have crashed, we can be confident of that. History suggests there is no quick recovery from crashes like these, which means lasting consequences for investors.