Australia
Antipodes Partners unveils long global equity Ucits strategy
Boutique Australian investment management firm Antipodes Partners has launched its second Ucits vehicle investing in global equities.
ANZ fined A$3m for advice client review failings
Australia’s ANZ Bank has been fined for charging fees but providing no service after the country’s financial watchdog found it had failed to produce documented annual reviews to more than 10,000 financial advice customers over a seven-year period.
10 year jail sentence for record-breaking tax scam
A disgraced Australian businessman has been sentenced to 10 years in jail for his involvement in a A$135m (£74m, $103m, €84m) international tax avoidance scam, bringing an end to what has been described as the largest tax fraud case in the nation’s history.
UK and Aussie regulators ink enhanced fintech agreement
The Financial Conduct Authority and the Australian Securities and Investments Commission have signed an enhanced fintech cooperation agreement.
Australia’s Macquarie Group to buy Luxembourg asset manager
The investment management division of Macquarie Group is to acquire Luxembourg-based ValueInvest Asset Management for an undisclosed sum.