South Canterbury Finance says its loss for the 12 months to June 30 is less than previously announced.

NZF group chief operating officer, Adrienne Smith, has resigned from the business after being head-hunted by another organisation.

Former Fisher Funds chief investment officer Warren Couillault has confirmed to Good Returns that he plans to set up a new funds management business by the end of the year.

Naomi Ballantyne has accepted a directorship position on the Newpark board.

Auckland

The Investment Savings and Insurance Association (ISI) has reappointed Sean Carroll as chair of the board, while Ralph Stewart, chief executive of AXA New Zealand, has been appointed deputy chair.

Global crisis hits GSF returns; Businesses continue to delay selling; Tower rights issue closes oversubscribed; Anti-money laundering rules need to change

Finance company Avanti Finance has been given a BB- rating by Standard & Poor's, and a negative outlook.

ANZ has moved to acquire the 49% of ING in Australia and New Zealand that it doesn't already own for A$1.76 billion.

ANZ has moved to acquire the 49% of ING in Australia and New Zealand that it doesn't already own for A$1.76 billion.

Law firm Chapman Tripp doesn't believe that the recent case against an adviser's recommendation to an elderly client about investing in Bluechip will set a precedent for the industry.

Securities Commission chairman Jane Diplock has lamented investors' unwillingness to cut their losses and walk away from failed ventures, resulting in a number of finance companies going into moratorium when receivership would have been a better option.