Australian Unity News Today

The deal grows Australian Ethical’s FUM to ~$12bn

The 51-bed hospital in Melbourne's western suburbs had been open for just over a year before announcing its closure and the appointment of administrators.

AZ NGA subsidiary Nestworth, which recently acquired the financial advice business of Australian Unity, has appointed a former senior Insignia executive as CEO.

Australian Ethical has announced it has entered into a binding agreement to acquire a sustainable fixed income manager, increasing its FUM by around $2 billion.

The acquisition, when completed, will see Australian Ethical grow its funds under management to circa $12.3 billion.

Australian Ethical has struck a deal to acquire Altius Asset Management, the sustainable fixed income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion.

Life is all about living it.

Australian Unity has appointed Darren Dawson, an experienced executive in sustainable finance and ethical investment, as its social infrastructure funds general manager.

Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.

Deal Tracker shows the level of mergers and acquisitions in the aged care sector is returning to 2015 peak levels.