Jassmyn Goh

Reeling from the final ASIC report into its shortcomings, the Australian bourse is in need of urgent repair even as its CHESS replacement project faces potential delays.

ASIC has set its sights on how individual investors are accessing the booming private credit asset class via managed account platforms.

RBA assistant governor Brad Jones says banks have been slow to embrace tokenised deposits. But some argue that delay could yet work in their favour.

More than a year after Capital Brief reported the plan, Westpac has begun moving 75,000 business customers from its sub-brands to the main bank.

ASIC has been visiting offices and rifling through documents for further information at some private credit funds. Market participants say its a necessary step.

The corporate regulator has ramped up its scrutiny of some firms in the booming sector following an initial wave of surveillance last year.

Australia’s largest super fund, which manages $410b in retirement savings, has shifted its portfolio as markets grapple with deepening geopolitical conflicts and the rise of AI.

The financial advice industry was decimated following the Royal Commission but now Bain, KKR, CC Capital, Oaktree and TA Associates are hoovering up what banks thought were too difficult to manage.

Fund managers say Macquarie’s reinstatement process was lengthy, with advisers and clients playing a decisive role in pushing for choice.

The star adviser behind Viola Private Wealth may have his critics, but that comes with the territory. He says one factor has been the “absolute key” to his success.

Investment bond providers like Generation Development Group and Australian Unity expect to benefit if the government slashes the CGT discount.

The junior Macquarie looks destined for the index but the market remains divided on whether it will spur copycats or a correction.

The upstart investment bank and asset manager both want to retain their top talent and both want to expand into private markets. A merger may help.

It was tale of two Australian alternative asset managers on the ASX on Tuesday, with Regal shares rising and HMC stock falling in the wake of their results.

Australian private credit funds say they can sidestep the downturn hitting the sector in the US because they lack exposure to software companies being hit by AI.

Shares in the alternative asset manager fell by around 10% in response to its “pretty solid” full-year results, with the downward move puzzling its co-CEO.