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16 April 2020 • By Sarah Simpkins • 1 min read

Citi profit corroded by coronavirus, down 46%

Citigroup posted a profit of US$2.5 billion ($3.9 billion) for the first quarter, tumbling by almost half year-on-year, with its chief declaring the ...

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Aussie fintech closes massive funding round

The fintech will put the funds to work in accelerating worldwide growth, expanding its product offerings, and exploring acquisitions. Payments ...

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Global asset manager sees ‘lost decade’

The “V-shaped” recovery predicted by the International Monetary Fund (IMF) could take years to materialise, particularly in regions hit hardest by the ...

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Crisis socks Goldman Sachs asset management with $152.4m loss

Goldman Sachs recorded a US$96 million ($152.4 million) loss for its asset management business in the first quarter, as the group’s earnings nearly ...

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BlackRock veteran joins boutique manager

The “exceptional portfolio manager” will spearhead the expansion of the firm’s Asia offering. Andrew Swan will join Man GLG as head of Asia ...

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Fintech firm makes executive appointments

The new executives will help capitalise on the digital transformation being driven by the COVID-19 pandemic. Telly Desillas will join Lakeba as ...

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Specialist insurer bolsters adviser support team

The insurer has appointed two industry veterans to key positions in South Australia and Victoria. PPS Mutual has appointed Robyn Faber to the role ...

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HESTA appoints strategic tilting GM

The $50 billion industry superannuation fund has picked its new general manager of strategic tilting, as part of its new investment team structure

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Boutique asset manager buys out owner

Boutique asset manager Wheelhouse Investment Partners has taken full ownership of its business, having acquired Bennelong Funds Management’s stake in ...

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Big four expected to slash dividends by at least half

Australia’s big four banks have been tipped to shave their dividends by at least half on last year’s levels, following APRA asking the major ...

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