Australia’s superannuation industry and its 16 million members watched markets fall and braced for impact as 2020 delivered an unprecedented financial stress test.
The total amount of funds managed by the Government Employees Superannuation Board fell by $200 million in the past financial year as a result of the COVID-19 downturn.
Stockbroking firm Argonaut has announced two high-profile recruits, while Canaccord Genuity has also bolstered its Perth team. Both firms have recruited new people from Hartleys,
The company formerly known as HotCopper has reported a big increase in its investments in clients’ shares, with revaluation gains leading to a modest annual profit.
The Agency Group Australia has increased its revenue by 48 per cent to $41.9 million and recorded strong growth, despite being impacted by the COVID-19 downturn.
As the chief investment officer at Andrew Forrest’s private company, 34-year-old John Hartman oversees a very large, extraordinarily diverse and fast-growing portfolio.
Mortgage lender Australian Finance Group has posted an underlying profit of $36.3 million for the full financial year on the back of rising residential settlements.
A local IP lawyer has revealed the new logo and branding for Bankwest ahead of the official launch of the new look, which we’re told is designed for the digital age.
Creating flight corridors with COVID-safe countries and attracting financial services to Perth from Hong Kong are on the agenda for COVID recovery chair Nev Power.
Corporate finance group Argonaut has rejoined the funds management sector, with executive director David Franklyn saying investors need to rethink their approach to the resources sector.