Richard Moir, The Wealth Forums CEO
Daily Wealth letter
a daily synopsis of the wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
NUMBER 278 THURSDAY, AUGUST 18, 2016
Horror at banker’s salary
Commonwealth Bank boss has been crowned Australia’s highest paid big four banker, taking home $12.3 million in the last financial year. While defending the bank’s reputation amid the CommInsure scandal — which prompted a renewed campaign for a banking royal commission — Ian Narev secured a 50 per cent pay rise. READ MORE: http://thewealthforums.com/
Chinese manager opens Jersey trust
U.S.-listed Chinese wealth manager Noah Holdings Ltd said it has obtained a licence to offer trusts to wealthy Chinese in the offshore financial centre of Jersey, reflecting increased Chinese demand to allocate assets overseas. READ MORE: http://thewealthforums.com/
Fund sounds warning on UK property
Norway’s Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, is sounding a warning about the state of the British property market in the aftermath of the country’s vote to leave the European Union. READ MORE: http://thewealthforums.com/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.
