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Barrenjoey Capital Partners
Barrenjoey Capital Partners (Barrenjoey) is an Australian investment banking firm that is headquartered in Sydney with additional offices in Melbourne, Perth, Abu Dhabi, and Hong Kong. History In May 2020, former UBS Australia chairman Guy Fowler and UBS Australia Head Matthew Grounds were in the process of launching their own firm with the backing of Magellan Financial Group and Barclays and had already received signed contacts from 50 to 60 people ready to join the new firm. However the firm did not launch as planned as the two felt they were not ready, the structure needed to be changed and they lacked someone to run it for them. Eventually hired Brian Benari who was previously the CEO of financial services group, Challenger. On 21 September 2020, the new firm was officially launched as Barrenjoey (meaning young Kangaroo) with 60 employees. Magellan owned a 40% stake in the firm while Barclays owned a 9.99% stake. Barrenjoey and Barclays would work on deals together where ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quay Quarter Tower
Quay Quarter Tower is a skyscraper located at 50 Bridge Street, Sydney, Australia. Built as the AMP Centre in 1976, the structure underwent a redevelopment from 2018 to 2021 which increased its height, introduced cantilevers, created additional office space, and modernised the tower's overall form and design. The AMP Centre re-opened as Quay Quarter Tower in early 2022, and stands at a height of with 54 floors. It is the world's first upcycled skyscraper retaining 68% of the existing buildings structure and named World Building of the Year at the 15th annual World Architecture Festival. History AMP Centre The tower in its original form as the AMP Centre was completed in 1976, consisting of 45 floors. It was used for commercial office space and was made up of concrete, glass, and steel. Designed by Peddle Thorp & Walker and built by Mainline. The centre's roof-height reached , making it the tallest building in Sydney at the time of its completion, prior to the completion of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kangaroo
Kangaroos are marsupials from the family Macropodidae (macropods, meaning "large foot"). In common use, the term is used to describe the largest species from this family, the red kangaroo, as well as the antilopine kangaroo, eastern grey kangaroo, and western grey kangaroo. Kangaroos are indigenous to Australia and New Guinea. The Australian government estimates that 42.8 million kangaroos lived within the commercial harvest areas of Australia in 2019, down from 53.2 million in 2013. As with the terms " wallaroo" and "wallaby", "kangaroo" refers to a paraphyletic grouping of species. All three terms refer to members of the same taxonomic family, Macropodidae, and are distinguished according to size. The largest species in the family are called "kangaroos" and the smallest are generally called "wallabies". The term "wallaroos" refers to species of an intermediate size. There are also the tree-kangaroos, another type of macropod which inhabit the upper branches ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Brokerage
Prime brokerage is the generic term for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return. The prime broker provides a centralized securities clearing facility for the hedge fund so the hedge fund's collateral requirements are netted across all deals handled by the prime broker. These two features are advantageous to their clients. The prime broker benefits by earning fees ("spreads") on financing the client's margined long and short cash and security positions, and by charging, in some cases, fees for clearing and other services. It also sets off its funding costs by rehypothecating the margined portfolios of the hedge funds currently serviced and charging interest on those borrowing securities and other investments. Services Each client in the market of a prime broker will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Income
Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the principal amount on maturity. Fixed-income securities (more commonly known as bonds) can be contrasted with equity securities (often referred to as stocks and shares) that create no obligation to pay dividends or any other form of income. Bonds carry a level of legal protections for investors that equity securities do not: in the event of a bankruptcy, bond holders would be repaid after liquidation of assets, whereas shareholders with stock often receive nothing. For a company to grow its business, it often must raise money – for example, to finance an acquisition; buy equipment or land, or invest in new product development. The terms on which investors will finance the company will depend on the risk profile of the company. The company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philip Lowe
Philip Lowe (born 4 October 1961) is an Australian economist and former Governor of the Reserve Bank of Australia, from September 2016 to September 2023. He was also deputy governor under Glenn Stevens from February 2012 to September 2016. Early life and education Lowe was born in Wagga Wagga, New South Wales. He was the eldest of five children. He attended St Michael's High School and Trinity Senior High School. Lowe later moved to Sydney and was hired by the RBA straight out of high school. He was initially employed as a clerical worker in 1980 at the age of 17, while completing his undergraduate commerce degree at the University of New South Wales by attending night classes. He was awarded first-class honours and the University Medal on his graduation in 1985. Lowe later completed a doctorate in 1994 at the Massachusetts Institute of Technology (MIT), with Paul Krugman as his adviser. Career Lowe started working at the Bank at age 18. In 1997, Lowe was appointed head ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the ''Reserve Bank Act 1959'' removed the central banking functions from the Commonwealth Bank. The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' (NAIRU) by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% unemployment. The average unemployment rate in Australia between the end of the Second World War and the implementation of the NAIRU was consistently between 1 and 2%. Since the implementation of the NAIRU, the average unemployment rate in Australia has been close to 6%. The RBA also provides services to the Government of Australia and services to other central banks and official institutions. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple wikt:interest#Noun, interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to decision-making, make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a specific social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other ("competing interests"). This is important because under these circumstances, the decision-making process can be disrupted or compromised, affecting the integrity or reliability of the outcomes. Typically, a conflict of interest arises when an individual occupies tw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jes Staley
James Edward "Jes" Staley (born December 27, 1956) is an American banker, and the former group chief executive of Barclays. He spent 34 years at J.P. Morgan's investment bank, ultimately becoming CEO. In 2013, he moved to BlueMountain Capital, and in December 2015, became CEO of Barclays. In November 2021, Staley resigned amid a regulatory probe into whether he mischaracterized his relationship with the financier, human trafficker, and sex offender Jeffrey Epstein. Early life Staley was born on in Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company, who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time when the company filed for bankruptcy in 1976. His brother, Peter Staley, is an AIDS activist. His maternal grandfather was James Rhyne Killian, who served as the President of Massachusetts Institute of Technology from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kelly O'Dwyer
Kelly Megan O'Dwyer (born 31 March 1977) is a former Australian politician. She served in the House of Representatives from 2009 to 2019, representing the Liberal Party, and held senior ministerial office from 2015 to 2019. O'Dwyer was a solicitor, political adviser, and National Australia Bank (NAB) executive before entering politics. She was elected to parliament at the 2009 Higgins by-election, aged 31, replacing Peter Costello. In 2014, she was made a parliamentary secretary in the Abbott government. O'Dwyer was promoted to cabinet when Malcolm Turnbull became prime minister in 2015. She served as Minister for Small Business (2015–2016), Assistant Treasurer (2015–2016), Minister for Revenue and Financial Services (2016–2018), and Minister for Women (2017–2019). In 2017, she became the first Australian cabinet minister to give birth while in office. O'Dwyer ended her political career as Minister for Jobs and Industrial Relations in the Morrison government, ret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qantas
Qantas ( ), formally Qantas Airways Limited, is the flag carrier of Australia, and the largest airline by fleet size, international flights, and international destinations in Australia and List of largest airlines in Oceania, Oceania. A founding member of the Oneworld airline alliance, it is the only airline in the world that flies to all Seven Continents, seven continents, with it operating flights to Africa, Antarctica, Asia, Europe, North America and South America from its hubs in Sydney, Perth, Melbourne, and Brisbane. It also flies to over 60 domestic destinations across Australia. Qantas is List of airlines by foundation date, the world's third-oldest airline by foundation date and the oldest airline in the English-speaking world — being founded in November 1920. ''Qantas'' is an Acronym and initialism, acronym of the airline's original name, Queensland and Northern Territory Aerial Services, as it originally served Queensland and the Northern Territory. It is popularly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
