A decision from Cabinet on whether to proceed with legislation that would make it easier for KiwiSaver providers to invest in unlisted assets is expected this month.
Sydney-based private equity firm Mercury Capital has taken a 25% stake in investment firm.
Contributions rose 8.8% to $12.2 billion for the year, although non-contributor numbers are also on the rise, the FMA says.
Stefanie Drews of Amova, formerly Nikko, says global markets have become complex, fragmented, and need to be approached with care.
The Australian parent company announced today that thousands of employees will leave the group by September 2026.
The wealth manager hired prominent philanthropy sector executive Arron Perriam earlier this year.
The country’s largest bank self-reported two fair dealing breaches to the Financial Markets Authority.
Innovation Banking launched in 2023 after HSBC bought collapsed Silicon Valley Bank UK for a nominal £1.
Responsible Investment Association of Australasia co-CEO Dean Hegarty on how responsible investing needs to respond to attacks on ‘woke capitalism’.
Local head Stuart Williams says the asset manager has grown to close to $10b in AUM.