This Month
Embattled Macquarie feels climate heat from shareholders
While investors are pulling funds from ESG-linked investments globally, pressure has increased on the asset management group’s climate disclosures.
Macquarie investors deliver wake-up call with strike on executive pay
Investors deliver an embarrassing rebuke to the Millionaires Factory over bonuses amid regulatory woes and the surprise exit of its CFO.
Inside the high-frequency trading floor where grads are paid $250,000
This week, Optiver opens its new headquarters in Sydney. From Super Smash Bros to lamb shoulder for lunch, it is pulling out all the stops to attract staff.
June
Inside Virgin’s big day, in the shadow of war and trepidatious markets
Would the long-awaited listing take off? Without a hitch, it seems. And there were plenty there to see it, with more bells and whistles than most IPOs.
IPO market cracks open as Virgin, Greatland shares soar on debut
Fund managers rushed into the airline’s stock in a major win for Bain Capital, which has worked on turning around the business for five years.
Will the third time be a charm for ADNOC’s $36b plans for Santos?
With advisers at ten paces, Project Emerald has been a complicated one to pull off. This is how the proposed takeover came together over months of discussions.
5 stockbroking Hall of Famers share their top investment opportunities
From AI to their favourite lunch spots, five past winners of the Australian Stockbrokers’ Foundation Hall of Fame awards offer some interesting insights.
Canaccord’s Peter Hollick enters stockbroking hall of fame
Peter Hollick, 80, now at Canaccord, has been awarded the Australian Stockbrokers Foundation’s Hall of Fame Award, for his contribution to the broking industry.
Why this firm’s deal makers work for free
Ten years ago, Audette Exel persuaded some of the country’s top operators to donate their fees to charity. After raising $30 million, she is ready to expand.
This investment banker learnt the dangers of moving too fast
Bank of America country head Joe Fayyad almost came a cropper when he took on his new role at full speed. Now he’s an advocate for teamwork and gratitude.
UBS Australia farewells Clinton Wong after two-decade stint
The UBS veteran has clocked up more than 20 years at the bank across a wide range of senior roles.
ASIC to investigate super funds over complaint handling ‘blind spot’
The regulator’s chairman, Joe Longo, said there would “be trouble” for retirement funds if they didn’t use member feedback to detect systemic issues.
GemLife could be first to trial ASIC’s fast-track IPO process
Investment banks and law firms say the corporate regulator’s push to expedite listings is a good first step towards making public markets more attractive.
David Jones slides into loss as private equity owner works its debt
Anchorage Capital Partners says it is “working on a new capital structure” to support the business amid challenging conditions for department stores chains.
Former Fortescue executive Fiona Hick to join Barrenjoey board
Despite early scepticism, the Barclays-backed investment bank has recut the local market, winning key mandates and building one of the largest research teams.
May
Chemist Warehouse insiders dump shares worth $4.7b in mass exit
One franchisee sold their entire $650 million stake in the pharmacy giant after its backdoor listing, according to analysis of the shareholder register.
Banker, investor, activist? Inside David Kingston’s long reinvention
The former Rothschild deal maker has become a crusader against bad boards. Depending on who you ask, he’s either shareholders’ best friend or a grandstander.
AGL-backed smart energy platform buys Beige to fuel growth
UK tech platform Kaluza, which manages energy supply and billing, has bought Melbourne-based Beige Technologies to broaden its commercial offering.
Trump backlash forces Macquarie to soften its DEI talk
The bank says cultural and racial inclusion are still important, but its latest annual report is much more subdued than last year’s.
How Macquarie boss responds to the ASIC action will define her legacy
The group’s relationship with the nation’s corporate cop, the Australian Securities and Investments Commission, has been in freefall.