Latest Financial Services News

Butn Limited announces the planned retirement of Co-CEO Walter Rapoport, transitioning him to a Non-Executive Director role by September 2025, marking a significant leadership shift for the fintech.

Wrkr Ltd has extended its partnership with MUFG Retirement Solutions to deliver an advanced digital platform for AustralianSuper, aiming to streamline employer services and align with upcoming superannuation reforms.

Magellan Financial Group reported a modest rise in assets under management to $39.6 billion as of June 30, 2025, alongside a strategic shift from monthly to quarterly AUM disclosures.

Regal Partners estimates at least $35 million in performance fee revenue for the first half of 2025, driven by strong global equity strategies and diverse alternative funds. The full half-year results will be released on 25 August.

AMP Limited is set to defend itself against a new class action alleging inflated life insurance premiums and a separate dispute over a major property sale, signaling potential challenges ahead for the financial services giant.

FAR Limited shareholders receive clarity as the Australian Taxation Office confirms the recent 8-cent per share capital return is not a dividend for tax purposes.

Keybridge Capital has obtained a $9.3 million bridge funding facility from Active Asset Management, supported by an ASX waiver allowing the deal without prior shareholder approval. The funding aims to address urgent liquidity and solvency challenges while trading remains suspended.

JPMorgan Asset Management (Australia) Limited has announced the final cash distributions and reinvestment prices for several of its active ETFs for the financial year ended 30 June 2025, with payments scheduled for mid-July.

Platinum Asia Investments Limited has announced a significant restructure via a scheme of arrangement, offering shareholders the chance to exchange shares for units in a new ETF, alongside a potential special dividend. The company has secured court approval and outlined a detailed timetable for the process.

Platinum Capital Limited has secured a court date to progress its scheme of arrangement, offering shareholders a swap of shares for ETF units and a potential special dividend. Key dates and financial mechanics have been outlined ahead of the shareholder vote.

Findi Limited is applying for two key licences from the Reserve Bank of India to expand its digital payments footprint, aiming to bridge the gap between cash and digital economies across India.

Butn Limited has locked in a $100 million senior secured debt facility with Northleaf Capital Partners, marking a pivotal step in its growth strategy and refinancing existing debt.