The Australian Financial Complaints Authority (AFCA) has confirmed its chief operating officer, Justin Untersteiner, will be departing in March. Untersteiner first joined AFCA as its COO in December ...

The emergence of DeepSeek, a Chinese artificial intelligence (AI) start-up that claims to have built an advanced large language model in just two months for under US$6 million, sent shockwaves through ...

The levy payable by financial advisers for the Compensation Scheme of Last Resort (CSLR) has more than tripled for FY26 as the government launches a formal review. Initial estimates put the FY26 levy ...

Donald Trump’s presidency has already begun reshaping the corporate and political landscape in the US, with executive orders rolling back diversity, equity, and inclusion (DEI) initiatives and clean ...

Managed investment platform DomaCom has strengthened its leadership capability with a flurry of executive hires and internal promotions. According to DomaCom, the numerous appointments will drive the ...

Assistant Treasurer and Financial Services Minister, Stephen Jones, has announced he will step down from the ministry when the federal election is called. In a statement on 30 January, Jones announced ...

Magellan has announced a raft of management changes including the departure of head of investments Gerald Stack after 18 years. In an ASX update, the fund manager announced a series of executive ...

One of the most significant surprises of 2024 was the plan announced by the Australian Prudential Regulation Authority’s (APRA) to phase out AT1 hybrids issued by banks. This change raises a number of ...

Australian advised clients are the most eager among global peers to invest in private markets, with their knowledge of the asset class also being higher. The investment firm’s annual Global Private ...

According to the Melbourne-based asset manager, she has been instrumental in the evolution of the business, particularly in 2020 when K2 sought to diversify revenue streams to drive a return to ...

Research by Morningstar of seven major active asset managers has found they are expected to see client redemptions averaging 3.1 per cent of their FUM each year through to FY29, with one forecast to ...

Endeavor Asset Management has added 24 financial advisers to its AFSL, with overall adviser numbers rising by more than a dozen this week. In the week ending 30 January, Wealth Data recorded a net ...