This Month
- Opinion
- Chanticleer
From Sydney Girls to the big time, meet Macquarie’s new star
Verena Lim has been relatively unknown in Australia’s investment banking scene. Now running its Asia operations, her name is up in lights inside Macquarie.
- Anthony Macdonald
Inside Europe’s most secretive gilded banking society
Fancier and more exclusive than Davos, it’s where some of the world’s biggest deals in finance take place.
- Owen Walker
- Exclusive
- Rich List
Former Credit Suisse, HSBC bankers target ultrarich with new bank
Volans opens its doors in May. It already has 17 employees on its books and is in the process of applying for a banking licence.
- Primrose Riordan
January
- Opinion
- Chanticleer
Perpetual bids due this week as summer of M&A heats up
The fund manager dealt its way into a corner and is trying to deal its way out. The goal is to get some to take on sparring partner-turned-bidder Soul Patts.
- Anthony Macdonald
December 2023
The private capital deal makers who will shape 2024
The best operators know how to strike a deal, and in 2024, there’s plenty of dry powder and more pressure to deploy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Why deal-mad Perpetual is searching for some summer loving
Step up Perpetual for the hot potato announcement of the year. The financial services group’s stunning U-turn cannot have happened without a strong push.
- Anthony Macdonald
November 2023
Morgan Stanley eyes advisers as global shops line up Australia’s rich
The investment bank wants to build a team focused on the ultra-rich, an increasingly crowded space, after losing dozens of advisers to smaller brokers.
- Aaron Weinman
Macquarie wealth investment strategy chief exits
Street Talk understands Jason Todd has vacated his post after almost six years in the job.
- Sarah Thompson, Kanika Sood and Emma Rapaport
China’s troubled shadow bank Zhongzhi warns of insolvency
Zhongzhi Enterprise Group, with debts totalling more than twice its assets, told investors that efforts at a “self-rescue” failed to live up to expectations.
- Bloomberg News
$3b-a-year Morgan Stanley Wealth advisers depart en masse
It is understood the renegades are set to join the Melbourne and Perth offices of Shaw and Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fund that returned 23pc targets billions in investment
Pacific Equity Partners’ investment product has raised more than $200 million and attracted about 1000 wealthy individuals so far.
- Aaron Weinman
- Opinion
- Chanticleer
Baby Boomers need to be open to digital financial advice
There’s a new model in the United States that is taking off and potentially viable in Australia.
- Anthony Macdonald
October 2023
Macquarie advisers out the door, Crawford cites ‘cost management’
Sources said the private bank’s division head cited cost management and poor performance in other areas of the business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Investment banking
Beyond cash and property: HSBC joins fight for Australia’s ultra-rich
Global investment banks have flitted in and out of Australian wealth management, but this time the country’s family offices are firmly in their sights.
- Primrose Riordan and Aaron Weinman
Westpac ends St George, Bank of Melbourne private banking arms
The company has told wealthy customers it intends to roll the services into its mainline brand to more effectively invest in the business.
- Lucas Baird
- Opinion
- Chanticleer
EQT makes its play for private equity’s holy grail – retail investors
The global private equity bigwigs are in town, this time chasing wealthy families and individuals’ money, now a red-hot private equity battleground.
- Anthony Macdonald
September 2023
Crestone swoops on disheartened Escala advisers
Among those who have decamped include plenty of big business writers, namely Paul Sealy, one of the wealth management outfit’s founding partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Shaw and Partners adds Macquarie private wealth veteran to its ranks
Street Talk understands private wealth adviser Scott Ayres is set to jump ship to the wealth house this week
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS flags major cost cuts after world record $45b profit
The lender plans to make $15.5 billion in cost savings and job losses after taking over Credit Suisse earlier this year.
- Myriam Balezou and Marion Halftermeyer
August 2023
Switzerland weighs new money-laundering rules amid US criticism
A new Swiss federal register will require companies and other legal entities to name their beneficial owners, making it harder for criminals to hide assets.
- Hugo Miller and Bryce Baschuk
