Industry Updates

LGT Crestone expands Adelaide presence

Wealth company LGT Crestone has appointed Ben Potter as partner, investment adviser to its Adelaide office.  

Aussies confident in finding best retirement product themselves: FSC

The majority of Australians (87 per cent) trust themselves to choose the right retirement product over the government, a Financial Services Council poll has found.  

Young women more likely to be stressed about cost of living

Data from ASIC’s Moneysmart has found that Gen Z (aged 18 to 26) women are more likely than Gen Z men (87 to 77 per cent) to be severely stressed about the cost of living, while the generation as a whole reported feeling overwhelmed by finances and money.  

Aware Real Estate launches inner Sydney BTR development

Aware Real Estate, a subsidiary of Aware Super, is set to develop 135 apartments in Sydney inner suburb Zetland as the fund expands its built-to-rent portfolio.

Federal Court approves Count’s acquisition of Diverger

The Federal Court has approved Count’s scheme of arrangement for its proposed acquisition of ASX-listed company Diverger.  

Maple-Brown Abbott chief to lead Magellan

Magellan Financial Group has nabbed Maple-Brown Abbott’s top executive Sophia Rahmani as managing director of its asset management business.  

HUB24 remains top adviser platform: Investment Trends

HUB24 has remained the top investment platform for advisers, according to research firm Investment Trends.  

Zurich renews partnership with Melbourne Football Club

Life insurer Zurich has extended its partnership with the Melbourne Football Club men’s and women’s AFL teams for another three seasons until 2026. 

DASH posts close to 50pc jump in FUA

DASH Technology Group has posted a close to 50 per cent jump in its investment platform’s funds under administration for the 2023 calendar year.  

UniSuper adds $260m Melbourne industrial development

UniSuper has acquired a warehouse, logistics and manufacturing greenfield development site in Deer Park, Melbourne for $260 million. 

Hirst to replace Hazelton as AMP chair

AMP has named former Bendigo and Adelaide Bank chief executive Mike Hirst as chair, replacing Debra Hazelton who is retiring after this year’s AGM.

iExtend appoints chair

iExtend has appointed the founder of AMP’s private capital business Peter Cassidy as chair of its board. 

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