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]]>Amidst the solemnity of Anzac Day services and marches across the Mid-Western Region, one figure stood out—a symbol of dedication and service within the Royal Australian Navy. Lieutenant Jonathan Poulton, representing the esteemed 816 Squadron, addressed the Mudgee Anzac Day service alongside Mudgee RSL sub-branch president Graham Pickering.
As large crowds gathered to pay their respects, Lt. Poulton’s presence underscored the Navy’s commitment to honoring the sacrifices of the past while standing steadfast in the present. His involvement in this significant event echoes his unwavering dedication to service, a trait exemplified throughout his eighteen-year career.
Amongst veterans, families, and schoolchildren, Lt. Jonathan Poulton‘s participation served as a reminder of the Navy’s enduring presence and its integral role in preserving Australia’s heritage and values. With each word spoken, he honored the legacy of those who came before him while inspiring the community to reflect on the significance of Anzac Day.
The sight of Lt. Poulton alongside local leaders and fellow servicemen exemplified the unity and camaraderie that defines Anzac Day—a day of remembrance, respect, and reverence for all who have served. As the community gathered in solidarity, Lt. Poulton’s presence underscored the Navy’s ongoing commitment to honor, duty, and service.
More news on Jonathan Poulton at
https://www.jonathanpoulton.com.au
https://www.jonathanpoulton.net.au
https://www.jonathanpoulton.au
Jonathan Poulton Social Sites
https://www.facebook.com/jon.poulton.39
https://www.instagram.com/jonopoulton/
https://www.linkedin.com/in/jonathan-poulton/
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]]>The post Anton Smolin Travel Writer in Sydney appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>Join me, Anton Smolin, for an unforgettable evening of adventure, discovery, and culinary delights at the Sydney Opera House in April 2024!
As an avid globetrotter and renowned travel writer, I am thrilled to invite you to a special book signing event to celebrate the release of my latest literary masterpiece. Embark on a journey through the pages of my book as I share captivating stories, stunning photography, and insider tips from my travels around the world.
Date: 21, April 2024
Time: 7PM
Location: Sydney Opera House,
During this exclusive event, you’ll have the opportunity to:
Get your hands on a signed copy of my latest book, filled with tales of adventure and culinary escapades from across the globe.
Dive deep into the heart of travel and food with an engaging talk and Q&A session, where I’ll share behind-the-scenes insights and personal anecdotes from my travels.
Immerse yourself in the breathtaking beauty of destinations near and far with a captivating photo presentation showcasing the highlights of my journey.
Indulge in a culinary experience inspired by the flavors of the world, featuring delectable treats and refreshments.
Don’t miss this chance to join me at the iconic Sydney Opera House for an evening of inspiration, exploration, and celebration. Whether you’re a seasoned traveler, a food enthusiast, or simply seeking an adventure of the mind, this event promises to ignite your wanderlust and leave you craving more.
Tickets are limited, so be sure to secure your spot today and prepare to embark on a vicarious adventure like no other. I can’t wait to see you there!
Warm regards,
Anton Smolin
Anton on Linked in:
Anton Smolin“I’ve had the pleasure of working with Anton on several occasions, and I am continually impressed by his professionalism, creativity, and dedication to his craft. His insights into food and travel writing are invaluable, and his ability to connect with readers is truly remarkable.”
Anton Smolin’s portfolio of writing demonstrates a solid foundation in journalism and communications, coupled with extensive experience in travel writing, photography, and food blogging. His skills, expertise, and glowing recommendations attest to his ability to excel in any endeavor within the realm of media and content creation.
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]]>The post Ben Jones M&g – updated for 2023 appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>WORK
Head of Real Estate Long Income @ M&g
Fund Manager – M and G European Secured Property Income Fund @ M&g
Numerous Roles Across Credit, Capital Markets, Corporate Finance and Real Estate @ Westpac
EDUCATION
Securities Institute Education
Graduate Diploma ( Applied Finance and Investment )
1997 – 1998
UNSW Australia
Masters ( Commerce (Finance) )
1994 – 1996
Charles Darwin University
Bachelor ( Commerce (Hospitality Management) )
1990 – 1992
SKILLS
Fund Managers
Real Estate
Real Estate Investment
In this article, we will explore what is a hedge fund manager and how they work. Hedge funds are managed by individuals who have expertise in investing and finance. A hedge fund manager has the responsibility to protect investors’ interests, and to provide full transparency about their investments. Most hedge fund managers have a college degree in finance or business, with a smaller proportion having studied economics or accounting. After completing their education, hedge fund managers can find employment with companies that specialize in hedge funds. For example, Kforce, SS&C; Technologies, and Advent Software, all have job openings for hedge fund managers.
Hedging is a strategy used by hedge fund managers to reduce risk by buying and selling different types of assets with different risk characteristics. In essence, it’s a way to protect a portfolio against sharp changes in market prices. This means buying assets that have a good long-term outlook and selling those that are less certain. Another common hedge strategy is short selling, which involves borrowing other people’s stock and selling it, with the intention of buying it back at a lower price. The profit comes from the difference between the selling and buying price.
Hedge funds are often more aggressive than traditional investment companies, and they use sophisticated strategies to offset different risks. In the 1990s, the equity bull market created new wealth for investors, and hedge fund business grew. But in the 21st century, the challenges are more complex.
When investing in hedge funds, investors should be aware of their risks. Managers tend to take more risks in good times, but less risky ones during bad times. Also, the fees associated with hedge funds tend to reduce returns. This means investors must weigh the high probability of failure with the lower return they would expect to receive.
Hedge fund managers often employ leverage, which increases the risk associated with the funds. One notorious example is Long-Term Capital Management, a hedge fund with Nobel Prize-winning managers, that overextended itself in the market, multiplying its bets by more than 120 times. This caused lenders to hesitate to lend money to Long-Term Capital Management, and the Federal Reserve Board intervened with a consortium of investment banks to bail them out.
In addition to using leverage, hedge funds can make extensive use of complex trading, portfolio-construction, and risk management techniques. These strategies include leverage, short selling, and derivatives. While these methods have their own inherent risks, their success is often dependent on their ability to minimize them.
Hedge fund managers are fiduciaries to their investors and the funds they manage. They must follow certain fiduciary rules to protect their investors’ interests, including avoiding unnecessary counterparty risk. This means that they must be vigilant in investing, but also maintain the ability to act directly on behalf of their clients.
In addition to their fiduciary responsibilities, hedge fund managers must follow SEC rules for investors. For example, hedge fund managers must meet certain income requirements. For example, they should make at least $200,000 per year and have a net worth of at least $1 million. The income requirement is even higher for married couples. In addition, hedge fund managers are generally college-educated and hold professional credentials.
Hedge fund managers are paid based on the performance of the funds they manage. Their compensation can range from million to billions of dollars. However, it is important to remember that hedge fund managers aren’t paid if they don’t perform well. Because of this, it is vital to have a strong sense of competition and the ability to identify and capitalize on opportunities.
Full transparency to investors is an essential requirement for alternative fund managers. In order to meet the growing demands of investors and the market, hedge fund managers need to be able to provide more comprehensive and detailed reporting. Currently, many portfolio management systems are not able to provide this information. A third-party service can help managers with this by enabling them to calculate fees at the level of individual investors. Transparency services also help fund managers to reduce the amount of work involved in data aggregation. By providing timely and accurate information about a fund’s holdings, investors can make more informed decisions and develop a stronger relationship with the fund.
In addition to offering investors full transparency, hedge fund managers should meet the registration requirements of securities regulators in the markets in which they operate. This will help to protect investors and prevent abuse of regulation. It will also help regulators to monitor the activities of fund managers. Moreover, investors can make sure that the manager meets these requirements.
News Articles From Ben Jones M&g
https://www.lapfinvestments.com/2018/10/what-every-scheme-needs-secure-income/
https://www.lgcplus.com/investment/tapping-the-potential-of-long-lease-real-estate-investing-23-02-2017/
https://www.businessimmo.com/eu/directory/peoples/162750
https://mandgdevelopments.co.uk/about/
https://slideplayer.com/slide/4204290/
Video news 2023 – talking property and hedge funds
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]]>The post Investing In Toyota Fleet Management? appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>Buying a Toyota fleet from a car dealership at the end of the tax year to take advantage of finance write offs in your tax return? Whether you’re looking for a new or used vehicles, should never be something that’s rushed in to. With so many agencies around, and not all of them adhering to the same degree of quality control, it’s not unheard of for people to find themselves in hot water after making a seemingly fair purchase. Knowing how to find a reputable car dealership is important and fortunately there are many options on your side to help you with reaching a decision.
The majority of car fleet dealerships will share one thing in common and that’s that they rely on buyers to keep their business afloat. These buyers will often leave reviews online, post in forums and even share their opinions face to face. The more that you can find out from first-hand experiences, the easier it could be to make your decision. If the majority of people speak positively about their experience, including topics such as insurance, vehicle warranties, customer service and value for money – the more likely it is that you’re on to a decent dealer.
May Day Labor day special – service your fleet at ABS Auto Midland brake servicing
When servicing your car brakes, there are several things you should be aware of to ensure that the brakes are in good working condition and that you are safe on the road. Here are some important considerations:
By keeping these considerations in mind, you can ensure that your brakes are in good working condition and that you are safe on the road. If you are not confident in your ability to service your brakes, it’s always best to seek professional help.
The all new Toyota Supra for 2020 is now available for fleets at Sunshine Toyota
The Supra has a 3.0-litre engine including a twin-scroll turbocharger which can produce an amazing 250kW and 500Nm of torque for ease of handling. Together with an its eight-speed automatic transmission and characterised by its smooth, powerful acceleration, the amazing torque is now available across all engine speeds.
The impressive Launch Control function which enables the powerful acceleration from standstill utilising maximum traction, helps the car move from standing to 100 km/h in just 4.3 seconds – The fastest Toyota production vehicle you have ever seen!
There are all types of car fleet dealers out there; from those that specialise in quick sales, right through to high-end dealers that focus on quality vehicles as opposed to scores and scores of them in a showroom. If you’re looking for Toyota fleet discount prices to get your staff from A to B, you may find a decent deal on Toyota fleet mamnagement from a regular dealer that offers used fleet cars for sale. As long as checks have been made and a warranty is issued, there shouldn’t be a problem that can’t be dealt with formally. Alternatively, you could choose to buy from a branded and recognised dealership (such as Toyota, Fiat, or Ford) for even more protection.
On the topic of a recognised business, it’s important to note that anyone can sell a car – in fact many sales are personal from one owner to the next. When buying a Toyota fleet from a recognised dealer business however, they are expected to provide a certain level of care to their customers; and it’s this degree of reassurance that can be beneficial should anything go wrong. Generally speaking, you won’t be anywhere near as protected from issues arising from a sale when buying from a personal seller, as you would be when purchasing from a licensed trader.
For every low quality dealer, there are countless reputable Toyota fleet management dealers out there, so finding a good provider for your needs shouldn’t be too much of an issue. With that being said, try to avoid rushing into your decision and take a little time getting to know the background of the dealer that you intend to buy from. Just a quick search for reviews and experiences can be a good way to obtain this level of understanding – and you can further complement this by visiting their showroom and gauging their quality and customer service for yourself.
Check out Sunshine Toyota for your fleet management deal.
Ben Jones M&gThe post Investing In Toyota Fleet Management? appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>The post Dianne Jolley on environmental science appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>Environmental chemists and toxicologists are scientists who study the effects of chemicals on the environment and on human health. Environmental chemists focus on understanding the behavior and fate of chemical substances in the environment, including how they enter the environment, how they move through the environment, and how they interact with living organisms and ecosystems. Toxicologists, on the other hand, focus on the effects of chemicals on living organisms, including how they are absorbed, metabolized, and eliminated from the body, and how they can cause adverse health effects.
Environmental chemists and toxicologists may work in a variety of settings, including government agencies, academic institutions, and private companies. They use a variety of tools and techniques, such as laboratory analyses and field studies, to collect and analyze data on the behavior and effects of chemicals. Based on their findings, they may develop recommendations for regulatory policies, risk assessment strategies, or remediation approaches to protect human health and the environment
Links
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]]>The post Lord Howe Apartments appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>If you are considering investing an apartment in Lord Howe Island, you should know that most of them are between 570 and 610 square feet in size. This means that they are large enough for two people. Moreover, you will be able to enjoy the views of the ocean from your balcony and the surroundings of the beautifully landscaped gardens . In addition, they are a great choice for families, as they are affordable.
The Admiralty Apartments on Lord Howe offer luxury accommodation with ocean views. Located adjacent to Neds Beach and surrounded by lush gardens, these luxurious apartments provide guests with a home away from home. They include plush king-sized beds, soaking tubs and private decks. They are also only 2 minutes from the beach.
The Admiralty Apartments are two self-contained private apartments, each one with ocean views and a private walk to the beach. The apartments are available to rent for single or double occupancy, and each one sleeps up to two adults.
Bowker Beach House is a purpose-built beach house on the beautiful Lord Howe Island, located just opposite the beach. It is surrounded by native forest and boasts a timber king-size bed made by local craftsmen. The beachfront property is also equipped with a rain shower and two stand-up paddleboards. It is a popular choice amongst visitors and is a wonderful getaway for families.
The new beach houses reflect a rising demand for luxurious accommodation in Lord Howe Island. The island is one of the last unspoiled island paradises and the demand for accommodation was immediate. From the very first day of opening, bookings poured in. Sheriden Rhodes stayed at the Bowker Beach House and raved about its stunning views. Think about adding this property to your investment property portfolio.
The contemporary design of Capella Lodge, Lord Howe Island apartments blends seamlessly with the surrounding natural environment. Guests can explore the mountainous terrain, enjoy a sunset cruise, or simply relax on the beach. The contemporary interiors feature beach-chic furnishings, dramatic floor-to-ceiling windows, and innovative cuisine. Local seafood and locally sourced produce are showcased in the restaurant’s menu. If you want to venture out on the island, Capella also offers picnic packs.
The nine contemporary island-style suites are tastefully appointed and feature exquisite linens, bespoke furnishings, commissioned artwork, and in-suite bars. The relaxed, sophisticated setting at Capella is the perfect escape for discerning travellers looking for an unmatched experience. The island’s natural beauty makes for a truly unique experience.
Somerset Apartments on the north coast of Lord Howe Island are located only a minute’s walk from the shore. The spacious apartments are self-contained and are surrounded by tropical palms. They come with a full kitchen, living room and dining area, and they’re also available for booking for up to four people.
The apartments are located midway between the lagoon and Neds Beach and feature an outdoor BBQ area, bicycle racks, and a laundry room. While they’re basic, they’re clean and well maintained. If you’re travelling with children, babysitting is available onsite. The apartments accept both Visa and Mastercard. One room has a microwave and kitchenette.
While you’re on the island, be sure to take the time to visit the nearby Neds Beach Marine Park. This area is home to a number of rare and colourful species of fish and is an ideal spot for snorkelling. In addition, the Neds Beach shed has an interpretive sign so you can learn about the local marine life.
Blue Lagoon Lodge is situated on Lord Howe Island, and is managed by the descendents of the island’s founder. The hotel has a charming island-style atmosphere and offers affordable accommodation. It offers studio and one-bedroom apartments that are close to the lagoon. There is a general store and bakery on-site, and guests have access to wireless internet. The Blue Lagoon Lodge prides itself on cleanliness and ambiance.
In late 2019, the Earls Anchorage and Landfall bungalows were added to the hotel. These two bungalows offer two or one bedroom options. They can be interconnected to offer a three-bedroom option. You can also dine at the Anchorage Restaurant, which is situated off-site. It serves world-class cuisine and has panoramic views of Mt Lidgbird and Mt Gower.
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]]>The post Dianne Jolley – CO2 and Climate Impact appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>If the amount of CO2 in the atmosphere were to double, the average temperature on Earth would increase by about one degree Celsius or 1.8 degrees Fahrenheit. But the climate system is complex, and the initial warming is followed by further effects called feedbacks. These can amplify the warming or suppress it.
Carbon dioxide (CO2) is the most important greenhouse gas in the atmosphere and accounts for 66% of the warming effect on climate. It is emitted by the burning of fossil fuels, industrial processes, and wildfires. In the last 200 years, carbon dioxide levels have increased significantly, reaching a new record high of 413.2 parts per million (ppm) in 2020. Although the increase was smaller than the year before, it was still greater than the average growth rate over the past decade. While emissions of fossil fuels declined by 5.6% in 2020, monitoring stations have shown that they continued to rise in 2021.
Carbon dioxide in the atmosphere has increased over the last few decades, far above historical levels. Most of this CO2 is from burning fossil fuels used in automobiles, trucks, and planes which emit CO2, as do many electric power plants as opposed to green energy tech. Additionally, humans release CO2 into the atmosphere by clearing forests, which contain large amounts of carbon.
The amount of carbon dioxide in the atmosphere has increased dramatically over the past century, mostly because of human activity. Today’s atmospheric levels of CO2 are many times higher than those of the last ice age 20,000 years ago. Hence, the presence of CO2 in the atmosphere has significant implications for our climate.
Carbon dioxide is a major greenhouse gas that is released into the atmosphere as a result of human activities. This substance is very effective at trapping heat in the atmosphere, and most climate experts believe that increased CO2 concentrations are linked to increased global temperatures. Watch this NOVA/FRONTLINE segment to learn more about the role carbon dioxide plays in climate change.
Carbon dioxide absorbs infrared radiation. When there is an abundance of it in the atmosphere, it traps this infrared radiation and prevents it from reaching space. This trapping of infrared radiation causes the earth’s surface air to warm. And hotter air holds more water vapour, which is a greenhouse gas.
As CO2 levels rise in the atmosphere, plants are less able to absorb water. To compensate for the decreased water use, plants have a system known as stomata that allows CO2 to enter their cells and moisture to leave. Consequently, plants need less water to photosynthesise. As a result, they partially close these stomata, which decreases the amount of water that plants lose by 5 to 20 percent.
In addition to changing water availability, the increased levels of CO2 will also make plants more susceptible to harmful pathogens and invasive species. Furthermore, plants are also impacted by climate change in terms of temperature and nutrients. Rising temperatures are detrimental to local plants, making them more susceptible to disease and pests.
The amount of CO2 in the atmosphere has increased significantly due to human activities. Today, the atmosphere has about 150 ppm more CO2 than it was in 1750. This is much higher than the CO2 levels present 20,000 years ago, when the last ice age ended. It’s also important to consider that the concentration of CO2 in the atmosphere varies in the seasons. For example, the amount of CO2 in the air during the summer months is higher than the amount of CO2 in the air during the winter.
Although the effects of CO2 on vegetation are unclear, there is evidence that increased CO2 concentrations affect plant growth. In fact, doubling atmospheric CO2 concentrations results in a 30% increase in plant growth. In addition, doubling the amount of CO2 causes a 37% decrease in the stomatal conductance, which reduces evapotranspiration and increases leaf temperature. Therefore, the positive effects of CO2 are offset by the negative effects of CO2 on plant growth.
Prof Dianne Jolley in an environmental chemist and toxicologist leading a dynamic research group which is investigating the assessment and prediction of toxicity. Her research includes establishing field-based tools to assess the risk of contaminants in aquatic and agricultural systems; investigating the biological impacts of contaminants and using the outcomes to critically inform the science that underpins the water and sediment quality guidelines; and probing the mechanisms of contaminant toxicity and biomarkers to diagnose this toxicity. Dianne Jolley’s research spans the tropics, temperate and polar regions in both freshwater/terrestrial and coastal marine systems. Dianne Jolley has well-established collaborations with government, financial institutions and industry, including CSIRO Land and Water and the Australian Antarctic Division.
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]]>The post Corporate Training Courses at WeTrain appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>These aspects provide a foundation for leadership development, but it’s important to note that effective leadership is a complex and multifaceted skillset. Other important areas may include strategic thinking, ethical leadership, coaching and mentoring, and performance management, among others.
Corporate training courses at WeTrain are offered in a variety of settings. These programs can be held off-site or in a traditional classroom setting. They are suitable for individuals seeking personal training or for entire groups of employees that need to learn about a specific subject. Many organizations also offer corporate training courses on-site at their locations.
Corporate training courses help you to boost the overall performance of your employees. They help to re-calibrate employee performance and re-focus on skills that may have been neglected previously. They also help to collect input from employees, which is invaluable when you’re trying to implement new performance metrics.
Alex WadeOne of the major benefits of corporate training is that it builds unity within the organisation. Conflicts between employees are often the root cause of a number of major problems in the workplace. This can be due to conflicting ideas, contrasting cultures, or personalities. By focusing on effective business communication and teamwork, these conflicts can be resolved. As a result, employees will be able to work more effectively as a team.
Investing in corporate training can be a great way to cut costs and improve efficiency. Many of the biggest companies aren’t where they are today without investing in employee training. Whether they’re hiring a new employee, or hiring someone with years of experience, these companies didn’t get where they are today by taking shortcuts.
A corporate training program’s goals vary depending on the industry and the company’s objectives. Generally, training programs focus on improving skills and increasing future potential, especially in fast-changing environments. In addition, corporate training should help an organization adapt to changing technologies, economic policies, and legislative requirements. It should also improve efficiency, which is a key component of a successful business.
A corporate training program can help improve a variety of business processes, including the hiring and onboarding of new employees. For example, an employee induction program can be used to orient new hires and introduce them to other team members and to the company’s leaders. These programs are typically organized by the HR department.
Corporate training also helps existing employees improve their skills and knowledge. In the business world, employee development is key to meeting company goals and boosting employee morale. Corporate training programs help employees grow as individuals, and improve their value to the company. Corporate training also provides transferable skills that employees can use at other companies.
Corporate training programs are designed to develop employees. They are designed to increase employee productivity, increase their awareness of new technologies and practices, and improve their performance in their jobs. These programs also improve the skills of employees and prepare them for promotion. They also help the organization adapt to changes in technology and methods. This allows them to grow with the organization and make them a valuable asset.
Many corporate training programs target the basics of a job, such as learning how to use software, but many also focus on personal development. Whether employees are in an entry level or senior position, training should help employees develop new skills and develop an attitude of excellence. By setting measurable goals, corporate training will motivate employees to strive for high performance.
Developing training objectives starts with identifying the company’s strategic goals. Next, identify areas where improvements can be made and map the skills gaps to meet these goals. Identifying these gaps in skills will help the company develop the appropriate training and development programs to meet its goals. For example, a company that produces poor-quality end-products may need employees with skills in process improvement and quality control.
One of the biggest benefits of online corporate training is that it allows employees to take their training at their own pace. This feature helps companies meet the varying learning requirements of their employees, which ultimately increases their chances of success. In addition, employees benefit from corporate training because they gain new knowledge and skills related to their job. It also allows them to develop their leadership skills.
Many organizations use online corporate training solutions to ensure that their employees have the skills they need to perform their jobs and advance their company. Employees are better able to provide better customer service because they are familiar with best practices. Organizations can create onboarding training programs to make sure new customers are greeted appropriately and receive quality service. They can also implement certification programs to ensure the highest level of customer service.
Another benefit of online corporate training is that you don’t have to worry about storing training records on paper. It’s all automated, making it easy to track trainee progress and access training reports. Moreover, you can also create a personalized training program by tailoring content to fit the learner’s learning style.
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]]>The post Alex Wade Former Credit Suisse & AMP appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>The immediate, unexplained departure of Alex Wade, the chief executive of the sprawling AMP Australia division, was triggered by a series of complaints about his conduct, including allegations the former private banker had sent explicit photos to female colleagues.
For many women and men at AMP, the resignation of wealth management boss Mr Wade was long overdue.
Alex Wade was not seen again at the company’s Circular Quay headquarters after he handed in his resignation last week. Nick Moir
On Tuesday, those allegations were taken to AMP chief executive Francesco De Ferrari and went to the AMP board. Given the risk the media would probably find out about Mr Wade’s behaviour, Mr De Ferrari and AMP head of people and corporate affairs Helen Livesey called in Mr Wade to a meeting on that day. There, he was given 24 hours to submit his resignation.
Boe Pahari, the chief executive of AMP Capital, was pulled out of a scheduled board meeting on Tuesday to join an emergency meeting with the rest of AMP’s Global Leadership Team to discuss the matter.
Throughout Wednesday, an announcement was drawn up and Blair Vernon, AMP’s head of New Zealand wealth management, met with Mr Wade’s leadership team as he would be taking over with immediate effect. Mr Wade was not seen at the company’s Circular Quay headquarters in Sydney again.
RELATED QUOTES
Updated: Sep 6, 2022 – 1.37pm. Data is 20 mins delayed.
View AMP related articles
By late Wednesday, the news about Mr Wade was already filtering through the top levels of AMP’s 6000-strong staff, most of whom would learn about the resignation as it was filed to the market on Thursday morning.
Several AMP sources have confirmed that multiple complaints about Mr Wade had been made. An AMP spokesman declined to comment when asked how many complaints had been made and through which channels. AMP also declined to answer an extensive list of questions about the matter and associated issues.
“I arrived at my decision to resign from AMP in the interests of all parties,” a spokesman said on behalf of Mr Wade in response to a lengthy list of questions.
“My focus now is on a period of personal reflection and the relationships that are most important to me.”
There was more than one report, over time, and most recently a current employee said she’d go public if they didn’t take action.
— AMP staff member
A number of AMP staff have relayed their complaints about Mr Wade to The Australian Financial Review following revelations by this newspaper that the company promoted Mr Pahari to chief executive of the key asset management division on July 1, despite being penalised $500,000 after settling a sexual harassment claim brought by a female colleague who would leave the business in 2018.
These complaints have been brought forward both personally and through AMP’s whistleblower function to AMP’s senior management. The Financial Review had also been approached by half a dozen women who had felt the need to speak out on Mr Wade.
“Women spoke up (thanks to the recent coverage) and AMP has taken action,” one employee said.
“There was more than one report, over time, and most recently a current employee said she’d go public if they didn’t take action.”
Another said: “A number of complaints were made.”
The lack of explanation about the departure of Mr Wade, who only joined AMP in January 2019, has left staff feeling frustrated.
Controversial appointment: AMP Capital boss Boe Pahari. Reuters
Senior staff in internal AMP meetings have since refused to comment on employee questions, including one senior employee who told staff the situation was “like our last matter (Mr Pahari); they’re sensitive issues” in response to questions.
Town hall meetings
The debacle has once again turned the spotlight on AMP’s handling of employee concerns. During a virtual town hall meeting last month where staff expressed frustration at “AMP’s #MeToo moment”, Ms Livesey said there were “many people who are in AMPA [AMP Australia] who would say that there is behaviour that needs to be addressed in the organisation”.
In a subsequent all-staff email in July obtained by the Financial Review, Mr Wade admitted he had been too slow to overhaul “behaviours” in the company’s sprawling wealth and retail divisions, and said “we will do better, and I will do better”.
The departure of Mr Wade has several employees wondering about the response of other senior AMP leaders to the allegations.
Several AMP sources have said they are aware that senior leadership at AMP had previously discussed matters of conduct with Mr Wade.
But the focus has been on Mr Wade’s time at AMP, which he joined in early 2019. One AMP employee said Mr Wade was “known for chasing women at AMP” and had been personally propositioned by him on multiple occasions.
“He’s a senior man that should know better given his position and power within the organisation,” they said.
“He smokes and several times a day goes under the train tracks at the Quay, across from the AMP building. He’s often seen walking with women across there and that’s what he did with me. Women will turn up for an actual meeting, at a proper meeting time, and he’ll say: ‘Come for a quick smoke.’ ”
Following the company-wide revolt by its employees in early July, Mr De Ferrari pledged to establish a group-wide integrity office, a new “cultural taskforce” to boost female employees in leadership positions, and the appointment of consultants to help them achieve the goal.
RELATED
AMP ‘falling behind’ on 40pc women: CEO
However, many have been waiting with bated breath as to whether the company would act on Mr Wade’s behaviour and performance at AMP.
Amid the furore surrounding Mr Pahari’s appointment on July 1, most members of AMP’s eight-member executive team held their own internal town hall meetings to discuss the matter with their direct staff.
Pahari fallout
Mr Wade was reluctant to hold his own, and stated a preference for sending an all-staff email in which he would not face a round of questioning, according to people familiar with the situation. However, the rest of Mr Wade’s leadership team convinced him to go through with one on Friday, July 3, when he fielded a number of stinging questions from junior staff members.
The fallout from the promotion of Mr Pahari opened divisions across AMP’s global leadership team.
He’s a senior man that should know better given his position and power within the organisation.
— AMP staff member
Although Mr Wade and Mr De Ferrari were long-time associates, and were often seen chatting together around the business, Mr Wade had a significant rivalry with Mr De Ferrari, according to numerous people who have worked with Mr Wade.
Mr Wade had worked at Credit Suisse in Singapore with Mr De Ferrari, and as a private banking executive at Credit Suisse Australia, where current AMP chairman David Murray was an adviser and fellow AMP director John O’Sullivan was once chairman.
Mr De Ferrari spent seven years as the head of Credit Suisse’s Asia-Pacific private banking operations, where Mr Wade served six years as chief of staff.
Mr Wade often referred to his boss as the “general on the hill”, in that Mr De Ferrari would send his men into battle while he watched on.
This was the case after Mr Wade’s town hall meeting, which he later described as “frank and honest” and during which he had to handle “tough questions” from subordinates.
While Mr Wade had to front staff in person, Mr De Ferrari that first week in July didn’t face questions from staff directly, preferring to deliver a scripted video message on AMP’s internal Facebook page late on July 3.
AMP CEO Francesco De Ferrari addresses staff via a virtual town hall.
Mr De Ferrari, who was meant to be on a week of leave the second week of July, having successfully divested its troublesome life insurance business, had to scrap those plans in the wake of the ructions.
On Monday, July 6, Mr De Ferrari was seen at the Circular Quay office for the first time in a long time, as he had been working from home during the coronavirus pandemic. He had dumped his holiday plans to work on the company’s response to the shareholder and employee backlash.
By mid-July, Mr Wade had told several people from his leadership team that the crisis had revealed the failings of Mr De Ferrari.
“He’s (Mr Wade) strutting around like a peacock,” one colleague said at the time.
Later that month, the Financial Review revealed accusations of “rife” bullying across AMP, based on first-hand reports, along with employee reviews and lowly survey results on workplace ratings website Glassdoor.
Around this time, Mr Wade was said to be openly blaming Mr De Ferrari for the pressure on AMP and telling his co-workers that both Ms Livesey and Mr Pahari should leave the business, having mishandled the fallout.
But for the staff inside AMP, they saw Mr Wade as increasingly out of touch on workplace culture – including when Mr Wade opened a July 27 internal town hall, known as an AMP Australia “culture huddle”, with a song by American rapper Post Malone, titled Rockstar, which was ranked by Time magazine as one of the worst songs of 2017, and which features lyrics focused on drugs, guns and prostitutes.
It wasn’t just staff and executives who had sometimes strained relations with Mr Wade. There was also friction between Mr Wade and consultants brought into AMP to overhaul the company’s legacy systems and operations.
Mr Wade’s division has also not performed well.
AFR roundtable on AMP and sexual harassment with (left to right from top left): Natasha Stott Despoja, Michael Roddan, Sue Morphet, Jane Keating, Jenny Bott, Sue Cato, Susan Metcalf, Kate Jenkins, Diane Smith-Gander, and Sue Thomas.
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Wealth management operating earnings went from $103 million in the first half of 2019 to $79 million in the second half. In an update late last month, which triggered a 12 per cent fall in AMP’s share price, the company said wealth management earnings were likely to fall to $60 million.
AMP is also facing a class action by aggrieved former financial advisers claiming the company dishonoured longstanding contract terms.
In fact, on the day AMP announced the changing of the contract terms – known as Buyer Of Last Resort – at an advice professional development day at the convention centre in Sydney, Mr Wade was escorted out through a private exit and into a car in the basement with personal security guards. Advisers were left waiting to ask questions of the executive.
With Mr Wade’s latest surprise departure, it is the staff that will be directing their remaining questions to other executives.
Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
Alex Wade extensive experience managing complex environments working across all facets of financial services in multiple jurisdictions and cultures
Alex WadeThe post Alex Wade Former Credit Suisse & AMP appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>The post Dan Croke – Daniel Croke Files appeared first on Pandagon Investment, Marketing, Finance Loans, Health & Addiction.
]]>Dan Croke was a disadvantaged young man living in relative poverty in his formative years. This led Dan Croke to become a giver to others, not a taker. In a wide ranging interview Dan Croke explains that coming from a background of “living hand to mouth” in his early years, led to a lifetime of trying to build sustainable wealth for his own family and to give back to people he felt had been left behind.
Dan Croke is now a successful property investor, helping others to achieve financial freedom through investing. This Brisbane man, Dan Croke, who grew up in Warwick, Qld, moved to Brisbane and went on to become a wealthy property investor, having so far acquired almost 200 properties, some of which are individually worth as much as $5M and $10M. He has silently and anonymously helped scores of people over the years
You can find more at the Dan Croke website or by watching “A Current Affair” on Channel 9 from the 28th January 2021 about the secret philanthropist: Dan Croke.
1 COURT OF APPEAL [1997] QCA 135 MACROSSAN CJ FITZGERALD P McPHERSON JA CA No 72 of 1997 THE QUEEN v. DANIEL JOHN CROKE BRISBANE ..DATE 08/05/97 JUDGMENT 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 2 THE PRESIDENT: This is an application for leave to appeal against a sentence that was imposed in the District Court at Brisbane on 6 March 1997. On 20 January 1997 the applicant pleaded guilty to one count of stealing and two counts of stealing with a circumstance of aggravation, the circumstance of aggravation in each count relating to the amount stolen. The offences were committed between 13 November 1992 and 15 April 1993. The applicant was sentenced to three years’ imprisonment on each count to be served concurrently with a recommendation that he be eligible for parole after 12 months’ imprisonment. The applicant is 38 years of age born on 15 July 1958. He is married, has two children and has a minor criminal history which comprises three offences, a minor drug offence and driving offences. The offences, the subject of this application for leave to appeal, were committed by the applicant in his capacity as an agent for the Australian Mutual Providence Society, the AMP Society. The applicant was given funds from three clients to invest with the AMP. Count 1 concerned a cheque for $2,000 which was deposited directly into the applicant’s bank account. In relation to counts 2 and 3, the applicant received two cheques, one for $30,000 and one for $40,000 and deposited the cheques with the AMP and subsequently arranged for the amounts to be withdrawn in favour of the complainants. 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 3 The cheque for $30,000 was mailed to the applicant’s home address and the cheque for $40,000 to a post office box which was registered to the applicant’s wife. The applicant fraudulently endorsed the cheques and the funds were deposited into his wife’s account. The applicant then invested the money in what were described as blue chip shares, obviously hoping to profit from doing so. The applicant’s deception was not discovered until about two years after the offences were committed and after he became aware of police investigations he sent cheques to the complainants which covered the original amounts together with interest. It seems that there was an attempted deception in what was done at that time in that the cheques were accompanied by letters which referred to the money as repayment of a loan agreement and in one of the letters there was an accusation by the applicant of the complainant that the loan agreement had been entered into for an improper purpose. I should mention that at an earlier point during the two year period one of the complainants had asked for some of her money back and the applicant had complied with that request. There was a lengthy committal hearing involving more charges of a different more serious nature and the indictment proposed likewise referred to additional charges. Negotiations with the prosecution were commenced one week prior to the trial date and resulted in the charges being altered to those to which the applicant pleaded guilty on the morning of 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 4 his trial. The sentencing Judge said that he took into account the applicant’s plea of guilty and referred to the substantial saving of public money as a consequence of the applicant’s plea. The trial had been estimated to take three weeks. His Honour also referred to the applicant’s role as a father, his payment of restitution, his minor criminal history and the personal references tendered at the sentence. However, he said that the offences involved a substantial amount of money and were aggravated by what he described as the serious abuse of trust involved. The applicant continued to represent himself as an agent of AMP even after the agency had been terminated, further he maintained his innocence after the police became involved and the sentencing Judge considered that initially at least, the applicant showed no remorse. His Honour referred to the difficulty and expense involved in the detection of white collar crime and the need for general deterrence. The prosecution supports the sentence imposed. It submits that the appropriate range was a head sentence of two and a half to three and a half years imprisonment and that in the circumstances no or little allowance should be made for cooperation or an early plea. It was further submitted that the applicant cannot rely upon delays as a mitigating feature. The theft was successfully hidden by his active on-going deception. Further, as it was 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 5 put, the payment of compensation should not enable the applicant to pay his way out of gaol. In the prosecution’s submission the offences involve large amounts of money and the applicant risked that money for personal gain. The respondent submitted that the sentencing Judge gave due weight to all relevant matters and that it cannot be said that the sentencing discretion miscarried. On the other hand, the applicant submits that in all the circumstances the sentence is manifestly excessive. In his submission the appropriate range is a wholly suspended sentence or a custodial sentence with a recommendation for eligibility for parole or suspension either immediately or after a period of imprisonment of between three and six months. Reliance was placed upon the applicant’s plea of guilty and it was claimed that because of his negotiations with the prosecution, it should be concluded that a plea of guilty was entered at the first available opportunity. Reliance was also placed upon the payment of full restitution immediately. The motivation for the commission of the offences, although I do not understand how it assists the applicant, was stated to be perceived financial necessity and it was submitted that he is unlikely to re-offend. The scheme involved the use of the complainant’s money to fund the applicant’s own investment with the intention of repaying the complainants. Another mitigating feature referred to was 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 6 the lost career opportunities of the applicant as a valuer and probably as a licensed real estate agent or an insurance agent.
Nor, it was submitted, would he be able to be a director or manager of a corporation at least for a period. Reference was also made to the applicant’s gainful employment and freedom from criminal activity in the period since the offences were committed and to his personal obligations as a parent to children who have physical afflictions of a serious nature. It was submitted that the sentencing Judge erred in principle in not expressly referring to the benefits which the applicant brought to the family circle and reference was made to Bartorillo CA 161 and 163 of 1996. However, in my opinion, Bartorillo laid down no general principle that a sentencing Judge must always refer to family circumstances and did not demonstrate that the sentencing Judge erred in principle in failing to refer to the matters complained of by the applicant. Reliance was also placed on Powell CA 61 of 1994 which was an application by the Attorney-General. That case provides only limited assistance on this occasion for a number of reasons including the circumstance that the position adopted by the Attorney-General in his appeal against sentence demonstrably influenced the Court in its decision. 080597 D.1 T13/SB M/T COA86/97 JUDGMENT 7 I can find nothing wrong in the approach adopted by the sentencing Judge or in the sentences which he imposed and I would refuse the application. THE CHIEF JUSTICE: I agree. McPHERSON JA: I also agree. —–
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