NewsBite

Financial Services

Today

James Byrne, head of energy research, Citi Australia & New Zealand.

Citi energy and utilities research lead snares corporate gig

Street Talk understands Byrne has signed on with Singapore-based Atlantic, Gulf and Pacific (AG&P) LNG.

Pacific Equity Partners’ Cameron Blanks.

PEP dealmaker throws weight behind shareholder transparency start-up

Complete shareholder registers have historically been the purview of internal investor relations departments.

Emapta manage teams of professional staff for clients across the US, Australia and Europe.

Crescent Capital kicks off buyer search for outsourcing player Emapta

Greenhill has hit the ground running, marketing the business to private equity and strategic types with more than $US20 million in earnings.

New ANZ boss Nuno Matos will start on May 12, having secured an early release from his former employer HSBC.

What to expect from ANZ’s new chief executive Nuno Matos

If the new ANZ boss’ execution mandate turns into executioner, investors will not mind. The first 100 days will be telling.

Yesterday

Top Shelf director Adem Karafili has presided over a 98 per cent decline in the company’s share price since listing.

Bids fly for Top Shelf International assets

Street Talk understands Longreach Credit Investors has fielded a $20 million bid for a collection of Top Shelf’s assets.

Advertisement
RBA governor Michele Bullock

RBA won’t join desperate guessing game

Central banks are as much on edge as markets, as the world waits to learn the impact and extent of Donald Trump’s tariffs. Caution reigns at the Reserve Bank.

ASFA has had its wires crossed with ASIC Chairman Joe Longo for months.

ASIC and ASFA should get a room

Sufferers of chronic neck pain, best stop reading here.

Morgans has hired former Goldman Sachs banker Aaron Lamshed.

Former Goldman ECM boss Aaron Lamshed finds a new home

A 25-year veteran of the markets, Lamshed started at Goldman Sachs in 2014 and elevated to managing director in 2021.

Diane Smith-Gander chairs Zip Co.

Zip Co goes to ground after Federal Court loss

A court loss, a likely large damages bill, and orders preventing Zip from using its name on certain local products? No need to disclose any of that, it seems.

BHP’s Jad Vodopija.

Fourfold rise in union visits at BHP’s Pilbara mines is not helping wages

It is amazing how quickly a summit about the workforce reveals the chasm between government and big business. BHP’s Pilbara mines are a great example.

Lee Power in a late 2021 photo at UBS, after Barrenjoey had raided its ranks.

UBS industrials analyst off to JPMorgan

Power frequently ranks among Peter Lee’s annual tally of analysts that are the most popular with clients.

KKR’s ASX announcements were a maze of corrections last week.

KKR corrects a correction

It took KKR three tries to clear up the mess it made of its own ASX announcements.

James Hardie’s big bet on US giant Azek  is worrying investors.

James Hardie investors are seriously unhappy about the $14b Azek takeover

One of the building materials group’s long-term investors described the proposal as one of the worst large-cap corporate deals he’s come across.

ASIC chairman Joe Longo said the death benefits report revealed a “sad situation”.

Super funds delaying death payouts also charge the most fees

Analysis from a peak consumer group comes the same day as ASIC released a damning report that revealed the ‘sad situation’ for the families of dead members.

March

Roslyn Van Welie says too much is out of an employer’s control to enforce strict new standards that super appears in staff accounts within a week of their salary.

This ‘nightmare’ superannuation reform has small businesses worried

Small businesses owed $1.8 billion in unpaid super in 2023, now reforms aimed to make sure it is paid on time has them on edge.

Advertisement
Companies think asset sales and capital returns are a one-way ticket to share price riches. They are not.

The buy and sell cycle chewing up ASX companies and their investors

Companies get hoodwinked into thinking selling assets and returning capital via buybacks and dividends can make up for past sins. It doesn’t.

SilverChef is Australia’s only dedicated hospitality equipment funder and was established 30-years ago.

Next Capital warms up investors for SilverChef continuation fund

Limited partner sources said Next Capital had outlined a strategy to grow organically into the United States, pointing to its recent acquisition of a SilverChef-lookalike business in Canada.

RBA governor Michele Bullock says she has serious concerns with the ASX’s governance.

RBA, ASIC say they are ‘increasingly concerned’ about ASX

The regulators said the market operator was not complying with risk mitigation standards after an outage in December left investors unable to settle trades.

Southern Cross told investors on Monday the acquisition of Force Fire was EPS accretive.

Anacacia’s Force Fire sale to underpin final close for Core Fund IV

Street Talk understands the Sydney-based Anacacia plans to cap the new fund, dubbed Core Private Equity Fund IV, at around $200 million.

New Zealand Finance Minister Nicola Willis has supported a RBNZ review into bank capital requirements.

RBNZ to review capital requirements amid political pressure

The central bank will conduct an assessment of key settings and engage independent international experts after the unexpected resignation of its governor.

Bain Capital controls around 19.9 per cent of Tower Limited’s register.

Goldman, Forsyth Barr launch Tower Limited block trade

Sources said shares were priced at $NZ1.30 per share – or a 12.5 per cent discount to the last trade price.

Competition between superannuation funds jumped on last year.

Insignia cops the biggest losses as retirement savers move to rivals

Some $74 billion in superannuation switched providers last year, new research shows, much of it headed to industry funds and self-managed wealth platforms.

Australia’s superannuation sector is a national treasure, but that doesn’t mean funds cannot be run better. ASIC makes a good case to clean up death benefits.

How super funds treat your money when you die is shameful

What we have is a returns-focused industry that makes it very easy to put money in, but much harder for your next of kin to get it out.

ASIC chairman Joe Longo.

ASIC reads big super the riot act on death insurance, savings payouts

A review of how funds process insurance and savings payments to the families of dead members found excessive delays and serious customer service failings.

It’s an opportune time for BoQ’s board to gauge the talent pool for its next leader, given Patrick Allaway was never intended to be a long-term executive.

Executive changes disrupt big banks as BoQ sounds out CEO candidates

The musical chairs have started one rung down from the big banks’ top jobs, and everyone is looking for new hires. When will the music stop?

Original URL: https://www.afr.com/companies/financial-services