Bank of Queensland chief executive George Frazis is expected to expand the bank’s loan portfolio by about 50 per cent as it swoops on ME Bank
Money manager Perpetual went on a buying spree last year and chief executive Rob Adams says the hunt for new acquisitions is not over.
Bank of Queensland has into a trading halt as it looks to seal a deal to fully acquire the industry superannuation fund-owned ME Bank.
Hostplus will absorb $6 billion in Maritime’s assets,in a new partnership model for an industry under pressure to consolidation.
The merger is awaiting Hostplus board approval this Friday and would see the hospitality super fund’s assets swell by 10 per cent.
Digital mortgage provider Lendi says it can manage its ties with other banks and will keep its brand name after signing a deal with the Commonwealth Bank.
IOOF chief executive Renato Mota is bucking the trend of bringing investment management services in-house,claiming it creates conflicts and threatens member returns.
The superannuation fund administrator has rejected three bids in less than two months now,but has left the door open for higher offers and more suitors.
Wealth manager Perpetual's newest acquisition Barrow-Hanley's CEO says technology stocks are set for a correction as COVID-19 vaccines take centre stage. .
Investors have welcomed the Nasdaq-listed financial services firm SS&C Holding's $3.6 billion indicative bid for the listed superannuation fund administrator.
Perpetual has now finalised its 75 per cent acquisition of US value manager Barrow Hanley,making it a truly global investment firm.