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Financial Services

HBF launches high-tech city branch

HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.

Perth accountant pleads guilty to fraud

Perth accountant Neil Alessandrino has pleaded guilty to a rolled-up fraud charge in the District Court this week.

IDS builds super niche

With more than $1.2 billion in funds under management, IDS Super is carving out a fast-growing niche in the self-managed superannuation fund sector.

Diverse businesses deliver social impact

Companies as diverse as multinational Konica Minolta and local startup Kirrikin are operating as both for-profit and for-purpose businesses.

Somers & Partners links with Mejority Capital

Perth finance executives Andrew Frazer and Simon Lill have agreed to a strategic alliance between their respective businesses.

Euroz lifts profit in FY18

Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.

Sternship making its mark

SPECIAL REPORT: A new corporate advisory firm working from a historic building in West Perth has rapidly made an impact, advising on more than a dozen transactions for public and private companies.

New corporate advisory players lift market share

SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.

Growth in alternative financing

SPECIAL REPORT: Private equity groups and credit funds are delivering a diverse range of financing options for mining projects.

Banks need relationship reboot

A Perth-based banking consultant who helped banks in Africa develop more customer-centric strategies believes a return to that model would benefit Australian institutions.

WA woman gets prison sentence for tax breaches

A 65-year-old Geraldton woman has been handed a suspended prison sentence after failing to lodge tax documents dating back to 2008.

Former Perth broker handed prison sentence

A former Perth finance broker has been handed a 21-month prison sentence on loan fraud charges following an investigation by the corporate watchdog.

UHY to merge with Sothertons

Accounting firm UHY Haines Norton will have three offices in Western Australia following a merger with national outfit Sothertons, while Moore Stephens Perth - which absorbed the old UHY practice in WA in 2015 - has announced changes to its leadership team.

HBF boss outlines his plans

In a wide-ranging video interview, HBF managing director John Van Der Wielen has sat down with Mark Pownall to discuss the group’s future growth strategy, along with his diverse career and regulatory challenges facing the finance sector.

Finance squeeze shifts focus

SPECIAL REPORT: Developers are exploring alternative funding methods due to a tough property market and tight lending conditions.

Former Perth financial adviser cops five-year ban

The corporate watchdog has banned a former Perth-based AMP financial adviser from providing services for the next five years after he was found to have given clients poor advice.

Money managers face trust deficit

Opinion: Federal government inquiries are shaking the superannuation tree. What will be interesting is how the different players respond.

Cashies in $40m raising

Cash Converters International has boosted its coffers with a $39.5 million capital raising, with the proceeds set to strengthen the company’s balance sheet and be used to reduce debt.

Cashies pays $650k over debt collection issues

Perth-based Cash Converters International has made a $650,000 settlement payment in relation to concerns over its debt collection practices, as the company transitions the process to a specialist third party.

Perth crypto innovators crack the code

A series of new blockchain plays and a growing assortment of associated businesses highlight how the new asset class is sparking entrepreneurship in Perth.

Retractions spike highlights compliance, policing

There has been a big increase this year in the number of ASX-listed companies, primarily junior explorers in WA, forced to retract announcements.

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