MLC charts a new course for growth
Article Abstract:
The Australian financial services company MLC has successful navigated its transition into mutual funds and now ranks number three among mutual fund management companies. MLC now has A$25 billion under management, and MLC CEO David Clarke believes his company can double that amount. In order to boost its mutual fund management operations, MLC has struck an alliance with Capital International in the US.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1997
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The banks' new battleground
Article Abstract:
Australia's fund management market is intensely competitive due to the variety of bank strategies and private-sector fund custody. By turning over fund custody to the private sector, the market can expand indefinitely, attracting niche, foreign and major life participants. Compulsory superannuation adds to the market's draw. Potential losses are hedged by derivative arrangements.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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DIY-super minder goes national after surviving corporate upheaval
Article Abstract:
Austrust, the Australian mutual fund management company, consists of Austrust Ltd, which used to be known as Elders Trustee, and Executor Trustee Australia. Austrust acquired Executor Trustee in the late 1980s in a government brokered deal, itself was acquired in a government brokered deal in 1996 by Tower Financial Services Group.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1997
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