Jack Derwin

2 weeks ago | capitalbrief.com | John McDuling |Jack Derwin

As the eyes of the world fixated on the White House rose garden for US president Donald Trump’s ‘Liberation Day’ tariffs announcement, there was always a chance someone would seize on the opportunity to take out the trash. So it was almost unsurprising when, while Trump was speaking, big four lender ANZ told the market it had agreed to wear a $250 million capital penalty from the banking regulator as a result of last year’s bond trading scandal.

3 weeks ago | capitalbrief.com | Jack Derwin

Canaccord Genuity Australia has farewelled institutional equity sales director Adam De Petro in a shake-up of its equity capital markets (ECM) team. In an internal note sent on Saturday night and obtained by Capital Brief, the broker and corporate finance specialist informed staff that De Petro had departed after nine years with the firm. "Please be aware that Adam De Petro is no longer with the firm due to changes within our Melbourne Equity Sales Team," the staff announcement said.

3 weeks ago | capitalbrief.com | Jack Derwin

The MD of small cap advisor Oakley Capital Partners, owned by Adam Blumenthal's family trust, says the former broker has 'no involvement' in the business. Colourful Sydney stockbroker Adam Blumenthal may have been banned from operating a financial services business after admitting to market rigging. But a boutique advisory firm owned by his family trust has emerged as an aggressive player at the smaller end of the ASX, and it's creating a significant stir among market participants.

1 month ago | capitalbrief.com | Jack Derwin

Senior executives at Iress are reviewing their controversial decision to charge customers for an industry standard tech upgrade in the face of mounting opposition from large institutional brokers. The ASX-listed $1.5 billion company held a high-level internal meeting on Wednesday to revisit its strategy of passing on the cost of a multi-million dollar tech upgrade to its own customers following a client backlash, sources with direct knowledge told Capital Brief.

1 month ago | capitalbrief.com | Jack Derwin |Jassmyn Goh

Investors are losing faith in the existence of a 'Trump put' to prop up markets. The question is whether that holds if sharemarkets keep falling. US President Donald Trump has stopped using the Dow Jones Industrial Average and S&P 500 as his favourite political scorecards, and is openly talking about a "period of adjustment" for the stockmarket. Investors are increasingly fearful it will be painful.