This Month
Investment bank org charts are getting remade for the age of big super
Jarden is just the latest big investment advisor to reconsider the best way to interact with retirement funds as they become bigger players in capital markets.
Inside the art collections of our investment banks
Bulge-bracket finance firms are defying global trends and investing in fine artwork. How do their Australian offices look?
Need market guidance? The pithy stockpicker newsletter is in vogue
From traders to tweeters to all manner of pundits, investors are spoiled for choice by a deluge of information about how to trade the Trump tariff mayhem.
Asbestos victims want compensation assurances from James Hardie
The building materials giant will shift its primary listing to New York under a plan to merge with American group Azek.
Investor wants government review of James Hardie waiver on $14b Azek deal
Long-term James Hardie investors say the Azek deal is value destructive and were disappointed by discussions with the company’s chair Anne Lloyd on Monday.
James Hardie chair to meet investors after backlash on Azek deal
The ASX waiver given to James Hardie for its $14 billion deal has hamstrung investors, who have stripped $5 billion but can’t block the unpopular transaction.
March
ASX faces ASIC, RBA blowtorch over December settlement outage
The country’s sharemarket operator faces an external investigation and stricter oversight as early as Monday.
JPMorgan on track to take out first quarter’s ECM dealmaking crown
Some of the country’s most prominent bankers say there is plenty of activity in preparing floats, although volatile markets could push those plans back for now.
John Sevior returns to funds management as Ellerston Capital adviser
The veteran stockpicker had left the industry in 2023 after a long stint at Perpetual and having founded his own investment firm, Airlie Funds Management.
Unpicking gripes aplenty around the boardroom table
Founders are “misfits and nonconformists who don’t fit into nice boxes ... but they do create nice companies,” says veteran investor John Wylie.
The pay gaps at Morgan Stanley, Barrenjoey, UBS
The gender pay gaps in the top tier of Australian finance are the largest in the country.
UBS promotes five Australian bankers to coveted top global tier
Last year, just two local staff were given the title of managing director. But the smooth integration of Credit Suisse helped build a case for an increase.
February
Luminis’ dealmakers confront a new frontier – succession planning
The advisory firm is boosting its partnership ranks, including with a new hire from Goldman Sachs, and has teamed up with a new US outfit.
Private markets dragged out of the shadows by corporate cop
ASIC is eyeing the future of investing and hellbent on keeping public and private markets on a level regulatory playing field.
Magellan banks $4m Barrenjoey dividend, flags Guzman y Gomez bonus
Group executive chairman Andrew Formica says the best results from its share in the investment bank are yet to come.
Investment banking grads survive AI test, for now
Local investment banks are adding graduate roles to firms, despite fears artificial intelligence will reduce the need for junior bankers.
‘We were scrounging for stuff’: Home of the faltering GFG empire
At the Hotel Bargo (lunch special: $15) on a 30-degree day, mine workers say a cashed-up new owner for Tahmoor Colliery would be best for the town.
Macquarie strikes careful tone, answering to new global mood
The investment bank and asset manager maintains a “cautious stance”, noting transaction timing, foreign exchange and geopolitics are unpredictable.
Why Rothery is ‘pound for pound Australia’s smartest banker’
Goldman Sachs local chief Simon Rothery remains relatively unknown and doesn’t even have a LinkedIn account, but he’s a survivor. Just ask his tennis partner.
Accenture to end DEI policies to comply with Trump
Accenture CEO Julie Sweet advises staff of a global evolution as the consulting giant abandons DEI programs in response to President Donald Trump’s orders.