Westpac to fortify wealth management team

Wetpac will expand its wealth management division to serve a growing demand for financial advice.

Westpac to fortify wealth management team

Wetpac will expand its wealth management division to serve a growing demand for financial advice.

Lazard Australia to sell stake in Scottish Pacific

Lazard Australia Private Equity is entertaining offers for its stake in Scottish Pacific Debtor Finance.

Number of Australian funds expected to shrink

BlackRock predicts a huge consolidation of Australia's industry super funds, leading to a shake-out of Australian fund managers.

Francis Woo joins TPG Capital

TPG Capital has hired Credit Suisse director and co-head of corporate finance for Southeast Asia, Francis Woo, as a principal for its Southeast Asia team.

CVC, Goldman eye $2.8B debt-for-equity swap for Australia's Nine

A debt-for-equity swap has been proposed by Goldman Sachs and CVC Capital Partners for CVC's Australian television network Nine.

Australia to tap China's Panda Bonds

Australian companies may soon be able to tap China's 1.8 trillion yuan or US$285 billion domestic bond market,

Sale of wealth management asset boosts Bendigo earnings by $40M

Bendigo and Adelaide Bank boosted its earnings by $40 million through the sale of its 7.8 percent stake inlisted wealth management firm IOOF.

Pacific Equity to Buy Spotless After Twice Raising Bid

Pacific Equity Partners agreed to buy cleaning and catering contractor Spotless Group after raising its bid a second time to A$720 million or $753 million.

BTMU Sydney's AUD note gets A+ rating

Standard & Poor's assigned its 'A+' long-term debt rating to an Australian dollar-denominated senior note issued by the Sydney branch of BTMU.

Macquarie cuts 10% of Asian investment banking jobs

Macquarie Group cut about 10 percent of its investment banking workforce in Asia last week.

Australia's financial advisers optimistic

Risk-focused financial advisers in Australia are optimistic about the outlook towards them and their practices despite the changes in the industry.

NAB's wealth management pushes group revenue up to $1.4B

NAB posted unaudited cash earnings of $1.4 billion in the first quarter of the 2012 financial year.

Australia Islamic index launched

Islamic financing wealth manager Crescent Wealth and Thomson Reuters launched a new index that will screen Australian Stock Exchange listed.

Australian covered bonds welcomed in Europe

Over $5billion of the recent issuance of covered bonds were denominated in Australian dollars, due to large transactions from Commonwealth Bank of Australia and Westpac.

Aussie private equity groups target Asian investors

The Australian Private Equity and Venture Capital Association is working to attract Asian investors.

Aberdeen Australia Equity Fund changes investment policy

The Board of the Aberdeen Australia Equity Fund, Inc. approved a change to the Fund's 80% non-fundamental policy, which will be effective March 14, 2012.