VPR 0.00% 0.1¢ volt group limited

allert hot michael tilley james packer and ch

  1. 2,334 Posts.
    see the links for the connection, Michael Tilley and Co pick up large interest in ERG IS Packer WITH HIM LOOK IN TOP 20 FOR THE HOLDINGS.

    From left, Michael Tilley, James Packer and Chris Cuffe. Mr Cuffe may lose $100,000 from his base salary, as well as bonuses and options.
    Picture:Brendan Esposito
    Chris Cuffe, one of Australia's highest-paid financial services chiefs, has stepped aside from the Packer family-controlled Challenger Financial Services Group - and taken a pay cut - just two weeks after Peter Polson replaced James Packer as chairman.
    Mr Cuffe - whose $33 million payout from Commonwealth Bank's Colonial First State, before he took up the Challenger top job, created a furore for CBA - is handing over the top job to concentrate on the group's wealth management.
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    He will be replaced by Michael Tilley, a vice-chairman of investment banking group JP Morgan, who joined Challenger as a director following its merger with CPH Investment Corporation in July last year.


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    Challenger, which is 25 per cent owned by the Packer family trust, CPH Management, focuses on annuities, funds management, the wholesale mortgage market and margin lending.
    In a statement, Challenger said Mr Cuffe, 44, would specialise in wealth management, and flagged a big pay cut by adding that his "remuneration package including his long-term incentive arrangements will reduce in accordance with his change of focus from group to business line responsibility".

    http://www.theage.com.au/articles/2004/06/23/1087845007599.html?from=storylhs

    WHO IS ROWE STREET HOLDING FOR IS IT Mr Packer???
 
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