Emily Cadman
Stories by Emily Cadman
National Australia Bank delays wealth unit sale, looks to raise capital
National Australia had originally planned to spin off its MLC wealth business by the end of 2019.
Credit Suisse taps tech-savvy, young generation in Australian private banking push
Despite being home to the third-largest group of millionaires in the Asia-Pacific region, after Japan and China, Australia remains an also-ran in the
Mitsubishi UFJ buys Commonwealth Bank of Australia’s asset arm for $2.9b
MUFG has been exploring acquisitions to diversify from its domestic lending businesses, which are constrained by a low interest-rate environment and a
Hong Kong billionaire Li said to near deal to buy CBA’s Indonesia unit
A sale of CBA’s 80% stake in the Indonesian business is likely to fetch about $400 million.
US private equity heavyweights tap Australia’s home-loan market
KKR, Blackstone and Cerberus have all snapped up small Australian mortgage lenders in the past 14 months.
ANZ Bank said to hire Morgan Stanley to sell stake in Indonesia’s PaninBank
The Australian lender has made attempts to offload the stake at least since 2013, when new regulations made it more expensive to hold minority oversea
Macquarie taps Wikramanayake to succeed outgoing CEO Moore
Wikramanayake has worked for Macquarie around the globe, including establishing its infrastructure funds in the US and Canada.
Commonwealth Bank of Australia to spin off wealth, mortgage broking units
The previously announced initial public offering of its global asset management unit will no longer proceed. The bank will also conduct a review of it
Australian pension fund CBUS boosts infrastructure investing team
While the Melbourne-based fund had invested in external infrastructure managers, over the past 18 months it has started bulking up its own teams.
Early Baidu backer Draper weary of China investments amid capital controls
Capital controls in China have already scuttled some takeover deals.
