Today
Shayne Elliott’s rented Corolla wasn’t enough for ANZ in the end
The career banker took the top job in 2016, unwinding a failed regional expansion and wowing shareholders. Those shareholders are a bit less wowed now.
- Jonathan Shapiro
- Sponsored
- T. Rowe Price
Market broadening and a new chapter for emerging markets
The dynamics of equity markets are changing. The focus is shifting from the dominance of a few major tech companies to much broader market participation.
Sponsored
by T. Rowe Price
Chris Stott’s 1851 Capital hires from Wilsons Advisory
Chris Stott’s small-caps funds management house 1851 has made its first hire in more than three years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual’s ATO ruling expected imminently
Perpetual has been seeking relief from the ATO to allow it to reorganise the business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Yesterday
Blue Sky conspiracy case against hedge fund and Aston sputters out
An “embarrassing” and “scandalous” attempt to sue those deemed responsible for Blue Sky’s demise isn’t going well.
- Myriam Robin
- Opinion
- The AFR View
The pluses and minuses of Elliott’s ANZ legacy
How the outgoing CEO’s tenure is regarded will hinge on the long-term outcomes of his two signature projects.
- The AFR View
- Updated
- Executive shake-up
ANZ investors see new chief executive Nuno Matos as a clean slate
The bank appointed the former HSBC wealth boss to succeed Shayne Elliott over internal candidates. The Portuguese banker, 57, will take up the job next year.
- Lucas Baird and James Eyers
- Opinion
- Domestic violence
Banks, insurers must do better on silent epidemic of financial abuse
There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate.
- Deborah O'Neill
- Opinion
- Chanticleer
What forced ANZ board to move on Elliott
Facing the prospect of an embarrassing protest vote at next week’s AGM, ANZ’s board is ringing the changes.
- Anthony Macdonald
Goldman Sachs inks $100m funding deal with special sits lender Keyview
The Sydney-based firm private credit operator borrowed the new loan against the assets of its $500 million flagship fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
APRA winds down $43b bank hybrid market, angering investors
The prudential regulator says other forms of capital are safer and make it easier for issuers to respond to future crises without bailing in retail investors.
- John Kehoe and Jonathan Shapiro
- Opinion
- Chanticleer
This one word explains why Regal’s tilt at Platinum collapsed
The two companies are a long way apart on the merits of a tie-up, but both camps can agree on one thing.
- James Thomson
‘Like a star football player’: meet ANZ’s next CEO
Born in Portugal with a globetrotting career spanning Peru, Brazil, Mexico and Hong Kong, Nuno Matos’ route to Australia has been an unlikely one.
- Lucas Baird
Ex-Pendal chief Emilio Gonzalez to join Brisbane fundie
Street Talk can reveal Gonzalez will join the board of Brisbane-based Australian equities boutique DNR Capital from February 1.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
ANZ’s left-field CEO pick piles risk upon risk
A new chief executive with no Australian experience will spend years finishing Shayne Elliott’s signature projects. It’s a perilous sandwich for investors.
- James Thomson
UBS, Citi, ANZ and CBA navigate fraught Christmas parties
The investment bankers of Sydney held their year-end dos against a backdrop of complex contextual matters.
- Myriam Robin and Mark Di Stefano
Golden handcuffs, anyone? Potentia’s surprise cure for grumpy staff
Street Talk understands Potentia Capital has been taking advice from Jarden’s technology bankers on exiting its big winner, but is intentionally taking things slow thanks to its internal staff ructions
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Executive pay
Confidential documents outline BoQ’s profit targets
If hit, the bank’s cash profit will be well above what the market expects this year. But analysts have warned it has a poor track record of meeting goals.
- Lucas Baird
Australian private equity goes evergreen to court wealthy investors
Roc Partners is the latest big buyout group to pivot to open-ended funds as firms switch from industry superannuation.
- Jonathan Shapiro
This Month
- Exclusive
- Big four
ANZ’s Elliott to resign after nine years as chief executive
The career banker arrived at ANZ in 2009 and was appointed to the top job in 2016. His departure is expected to be announced as early as this week.
- Jonathan Shapiro and Kylar Loussikian
- Opinion
- Big four
Six observations about the cultural failings in ANZ’s markets unit
Disgruntled employees are being interviewed about a problematic workplace culture at the same time as the bank is telling them about their annual bonus.
- Jonathan Shapiro
Platinum suffers $840m outflows in big blow to turnaround plans
The prominent equities investment house said one institutional investor had pulled $537 million as it disclosed its November funds figures.
- Kylar Loussikian
- Opinion
- Superannuation
Time for big super to lift board skills
Big super thinks of itself as an engine of the financial system. But big funds need to bridge the gap between their directors’ skills and those managing the billions in retirement savings.
- Tony Boyd
Block trade rush trips up investment banks amid league table scramble
A number of massive sell downs in the last month have given equities teams an opportunity to jump up all-important rankings as they position for next year.
- Jemima Whyte and Kanika Sood
Architect of Murray inquiry says banks can be agents of growth
David Murray is still railing against a “one-size-fits-all approach” to governance, which he says has forced banks to drop gas clients and let private credit sneak in.
- James Eyers
