Industry Updates

AZ NGA appoints Dan Heckendorf as CFO

AZ Next Generation Advisory (AZ NGA) has appointed former Pepper Money executive Dan Heckendorf as chief financial officer.

LGT Crestone appoints two senior advisers

Wealth management firm LGT Crestone has appointed Amanda Hing and Ashlea Somerset into senior advice roles.

Lumiant integrates with Xplan

Advice and client engagement platform Lumiant has integrated with Xplan, which it said will remove the need for double data entry.

Diverger boosts cybersecurity capabilities with acquisition of Priority Networking

Financial services company Diverger has acquired Priority Networking, a technology services firm.

HUB24 net flows down after recording breaking quarter

HUB24 has received net inflows of $2.8 billion in Q2 FY23, down 23.6 per cent compared to record inflows achieved in Q2 FY22, according to the platform provider.

Apex awarded Capital Prudential Real Estate Master Trust mandate

Capital Prudential Manager has appointed global financial services provider Apex to support the Capital Prudential Real Estate Master Trust.

Hughes to depart ASIC and join Vanguard

ASIC commissioner Sean Hughes will end his term on 3 February 2023, after accepting a role with Vanguard as Australian head of office of general counsel.

DomaCom sees client boost, re-lists on ASX

Fractional investment platform for advisers, DomaCom, has reported customer accounts numbered 2,180 by the end of the December 2022 quarter, 49 per cent year on year (YoY).

Managed account product launches double

The number of managed account product launches in 2022 doubled compared to the rolling five-year average, according to data from APIR Systems.

Talaria appoints Elizabeth Ninness as COO

Talaria Asset Management has appointed Elizabeth Ninness as chief operating officer, replacing Rhys Cahill, who held the position since November 2020.

‘We see Australia being the lucky country again in 2023’: VanEck

According to the latest VanEck Australian Investor Survey, Australian equities are the preferred investment destinations in 2023, with 70 per cent of investors planning to start or increase their allocation.

Pendal shares to be suspended following legal approval of acquisition

Pendal shares will be suspended from the ASX after the NSW Supreme Court approved the fund managers acquisition by Perpetual.

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