CBA to demerge wealth business
The Commonwealth Bank has announced it will demerge its wealth management and mortgage broking businesses, creating a new entity named CFS Group.
Linchpin to merge with AD, list on ASX
Linchpin Capital, the parent company of two dealer groups that authorise 300 advisers, will commence an initial public offering after merging with fund manager AD Capital.
Aviva sells RE multi-manager business
Aviva Investors has sold its real estate multi-manager business and its interest in European property fund Encore+ to LaSalle Investment Management.
Macquarie reduces stake in Yellow Brick Road
Macquarie has reduced its stake in financial services firm Yellow Brick Road from 18 per cent to 5 per cent.
Deutsche bullish on wealth management
The announcement of 7,000 job cuts and a significant financial loss will not deter Deutsche Bank from its global strategy to increase its wealth assets under management, says its new CEO.
