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Perpetual Limited s Q2 2021 Investor Letter

Perpetual Limited s Q2 2021 Investor Letter
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AFG to invest $15m in neobank

AFG to invest $15m in neobank subscribe A A The aggregation group has agreed to invest $15 million in a neobank, leveraging its banking as a service offering and white labelling a personal finance manager app to AFG customers. Australian Finance Group (AFG) has partnered with fintech Volt Bank (Volt) to form a strategic alliance and is investing $15 million into the company. The alliance will leverage Volt’s Banking as a Service (BaaS) offering, by providing digital white labelled mortgage products to AFG’s network of more than 2,975 brokers. It will also enable Volt’s direct customers who do not fit Volt’s credit criteria to be referred to AFG, with customer consent, for fulfillment by AFG brokers.

Old listed companies follow super new path

Switzer Daily The walls of the Melbourne headquarters of Equity Trustees (EQT) are adorned with the portraits of former prime ministers, premiers and governors-general who have served on the board of the stately 133 year old institution. The roll call of dignitaries includes 19 th century premier Sir Charles Sladen, prime ministers Stanley Bruce and Robert Menzies and former governor general Ninian Stephen. In Marc,h former Abbott/Turnbull era Cabinet minister Kelly O’Dwyer joined the board, filling a seat vacated by former Victorian premier and Hawthorn Football Club president Jeff Kennett. (Kennett’s great grandfather, Edward Fanning was a director for 30 years from 1888 to 1917).

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