News Articles for Michael Ashforth

Northern Star plots new board era

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Goldminer Northern Star Resources is taking early steps in preparation for the 2026 departure of stalwart John Fitzgerald and chair Michael Chaney, with recruitment talks underway.

Ken MacKenzie to chair Wesfarmers

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Eminent company director Michael Chaney is coming to the end of his career, with Wesfarmers naming its next chair and a likely successor emerging at Northern Star Resources.

Appointments July 5, 2024

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Our weekly appointments wrap includes Michael Ashforth, Tony McClure, Dean Horton, Monique Connolly, Shannon Coates, James Hopkins, Jared Dimbleby and Alex Biddulph.

Board moves June 26, 2024

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Today's board moves wrap includes Penelope Beattie, Carol Marinkovich, Michael Ashforth, John Richards, Gavin Rutherford, Craig Moulton, Shaun Menezes, Alec Pismiris, Melissa Haslam, Darryl Hockey, Laura Harrison, Craig Haskins, Angus Ross, Gereurd Roberts, Trent Dickeson, Brook Hall, Vikki Friscic, Maryna Fewster, Steven James, Peter Richards, and Anthony Polglase.

Ashforth joins Northern Star board

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Perth dealmaker Michael Ashforth has joined the board of goldminer Northern Star Resources, while stepping away from his role with Goldman Sachs.

At Close of Business 8 November 2022

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Senior journalist Claire Tyrrell talks about highlights from her recent conversation with Primewest's founders following the group's rebranding as Centuria.

Ashforth joins Goldman Sachs

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Perth dealmaker Michael Ashforth is making a return to investment banking, seven years after he retired from Macquarie Capital to work for ‘rich lister' Angela Bennett.

Wright pays $172m dividend

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Perth-based Wright Prospecting has confirmed its status as one of the country's most profitable companies, lifting its annual earnings on the back of higher iron ore prices and paying a whopping $172 million dividend to its owners.

Wright Prospecting pays out $700m

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The descendants of iron ore pioneer Peter Wright have received total dividends of $702 million over the past three years, according to recently lodged financial statements that also reveal the big legal expenses they have paid.

Wright recruits top lawyer

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Private Perth company Wright Prospecting has bolstered its already impressive ranks with the recruitment of top lawyer Peter Wiese, who will guide it through continuing legal disputes with fellow Perth company Hancock Prospecting.

Cochrane adds to A-list board roles

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Former corporate lawyer Ian Cochrane has joined the board of Ausdrill as deputy chairman, adding to a suite of board positions on the private companies of some of Perth's wealthiest families.

Quadrant circles key prospects

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The new owners of Quadrant Energy have spoken to Business News about how the $2.7 billion acquisition came together and their plans for the oil and gas producer.

Todd Bennett leads marina deal

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Two of Perth's prominent business families have shed light on their future plans, after the Bennett family struck a deal to buy a marina operation in Fremantle from the Kailis family.

Wesfarmers invests $130m in Quadrant

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Wesfarmers has acquired a 13.7 per cent shareholding in Quadrant Energy, less than three weeks after the oil and gas producer was established as an independent company.

Apache reborn as Quadrant Energy

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Macquarie Capital's Kate Vidgen has been named as the inaugural chair of newly formed oil and gas company Quadrant Energy, which will have six directors representing its three owners – Macquarie, Brookfield Asset Management and Angela Bennett's AMB Holdings.

Court rules Wright's daughter to get $25m

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The third daughter of late mining heir Michael Wright has succeeded in her bid to extract much more than she was left from his will, with a judge ruling she should get $25 million.

The circle of trust

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Some of Perth's top company directors and dealmakers, including Michael Smith, Ian Cochrane, Michael Ashforth and Tony Iannello have been recruited to help run prominent family companies.

Forrest recruits top finance exec

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Andrew and Nicola Forrest's Minderoo Group has recruited finance executive Aaron Hood to take charge of its expanding commercial investment activities.

WA’s richest poach professional managers

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The appointment of investment banker Michael Ashforth as manager of the Bennett family's $1.5 billion fortune highlights the maturing of Western Australia's private wealth market.

Market awaits strong lead

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FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.

Deal makers bank on a bounce

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SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.

Dry times for deals despite maritime moves

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There have been few bright spots in M&A deals this year in what some are calling a 'cautiously willing' market.

Bolstered Macquarie comes out top in a lean year for corporate finance

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Competition in the state's investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.

Mannolini resigns from Gresham

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The managing director of Gresham Advisory Partners' Western Australian office, Justin Mannolini, quit the firm yesterday and has been replaced by new co-heads Darren Martin and Julian Mills.

Tough markets offer some opportunity

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Perth's capital markets players reckon the past few months have been hard to take but they are seeing signs of growth as money returns.

Three advisors lead M&A sector

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THREE corporate advisory firms, each with a very different profile, stood out as market leaders in the mergers and acquisitions sector last year.

Macquarie, Hartleys top list of corporate advisers in competitive M&A market

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This year's survey of mergers and acquisitions activity in WA reveals a new ranking among corporate advisory firms in Perth.

Freehills adds new partner as Mannolini heads to Gresham

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The booming advisory market in Perth is creating some musical chairs among the key players, with corporate lawyer Justin Mannolini heading to Gresham Advisory Partners Ltd, prompting Freehills to fill the vacancy by appointing a new partner, Simon Reed.