WEEKLY WRAP: Zurich chairman resigns

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The chairman of the Zurich Insurance Group Josef Ackermann has resigned just three days after the death of Zurich’s CFO, who was found dead at home. Ackermann says that he is under the impression that Wauthier's family believes he bears some responsibility for the death. As such he is resigning to “avoid any damage to Zurich's reputation”.

Insurance group TAL is relocating its Melbourne office from its Swanston St premises to 390 La Trobe Street, following the recent relocation of TAL’s Sydney head office from Milsons Point into the Central Business District.

Perpetual Limited (Perpetual) has announced a $61m Statutory Net Profit After Tax (NPAT) for the FY13, up 128% on FY12. Underlying Net Profit After Tax (UPAT) was $75.9m, up 16% on FY12. The result reflects the benefits from the first year of realised cost savings under Transformation 2015 and improving market conditions.

Financial services, healthcare and retirement living company Australian Unity Limited (Australian Unity) has reported revenues of $1.21 billion for the year ending 30 June 2013, an increase of 8.2% over the previous year.

Xpress Super is launching a direct property option to trustees. They can access the Xpress Super investment suite as part of a complete SMSF service for $799 a year.

The Colonial First State Wholesale Sovereign Australian Bond Fund is now available to investors who satisfy the Significant Investor Visa (SIV) requirements. It invests 100% in cash, Australian Commonwealth Government and Australian semi-government securities and is aimed at more conservative investors targeting capital preservation and low-risk income.

Nikko AM, the parent company of Tyndall AM, plans to appoint David Collins to the newly created role of head of group marketing and communications subject to internal procedures.

Financial services communication expert Leeanne Bland has also joined specialist public relations consultancy Pritchitt Partners as a senior account director.

  • Julie on 30/08/2013 8:46:24 PM

    Congrats Leeanne Bland!

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