Count-Diverger merger to create 3rd largest licensee; Perth adviser receives jail time for $1m theft

The planned acquisition of Diverger by Count will create the third-largest licensee in Australia, behind Insignia and AMP.

A Perth adviser who stole over $1 million from his clients has received a jail sentence in the Perth District Court, with the judge reprimanding his lack of remorse for the crime.

As Josh Frydenberg is promoted to chair of Goldman Sachs Australia, Money Management explores where four former treasurers are now and how they made the move from politics to financial services.

The fintech has appointed an interim wealth CEO to succeed Harry Mitchell, who takes on additional responsibilities in the UK, and has flagged superannuation as a growth business following the QAR.

National Australia Bank has been ordered to pay $2.1 million by the Federal Court, the maximum penalty possible for a single breach of unconscionable conduct.

A former ASIC veteran who spent 25 years at the corporate regulator has been appointed to a senior chair role by the Albanese government.

Markets have welcomed the announcement of Australia’s first-ever sovereign green bond, planned for mid-2024, though managers remind investors that not all green bonds are created equal and there’s still plenty to take into account.