#MAFM

[timothyhornibrook]

ASIC slams ex-Macquarie agri chief for fake family office

ASIC has banned the former head of Macquarie Agricultural Funds Management (MAFM) for creating a fake family office.

PE firm acquires Mason Stevens

A $2 billion private equity firm will acquire Mason Stevens for an undisclosed figure.

Adamantem Capital has signed a binding agreement to acquire the managed accounts specialist.

Mason Stevens chief executive Tim Yule said the transaction will deliver significant value and benefits for clients, employees, and shareholders, taking the business to the next level.

Mason Stevens Group was formed in 2012 when managed accounts provider Mason Stevens acquired 2020 Funds Management and 2020 DIRECTINVEST.

[rvgtimes]

Ex-Macquarie funds manager banned

The Australian Securities and Investments Commission (ASIC) revealed that in early 2011 Timothy Hornibrook, along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO), that was used to extract confidential information from competitors in the agricultural investment sector.

"Between May 2011 and March 2013, the sales team used two BFO email addresses to send emails to at least nine competitor fund managers based in Australia and overseas, all of which were known by the sales team to be direct competitors of MAFML," ASIC said.

"The emails purported to come from the BFO and contained a ‘request for information' document containing a list of questions, which sought information from MAFM's competitors such as company background, investment process, fund performance and fees.

"The sales team intended to use the information obtained by the BFO in order to give MAFML and/or MCP a commercial advantage against its competitors."

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by:

Failing to act honestly;

Misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP); and

Misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

ASIC Commissioner Greg Tanzer said that "The deceptive conduct of Mr Hornibrook was not inadvertent nor was it the result of a momentary lapse".

"It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible," Tanzer said.

Felicia Moore

[asianews24]

Australian Regulator Issues New Lengthy Ban

The former director and responsible manager of a Macquarie subsidiary has been penalised from providing financial services for a period of six years.

The Australian Securities and Investments Commission has banned Timothy Hornibrook finding that he had breached his duties as an officer of a responsible entity of a registered managed investment scheme.

Hornibrook, formerly a director and responsible manager of Australian financial services licensee, Macquarie Agricultural Funds Management (MAFML), was banned after ASIC found that he contravened financial services laws whilst he was a director and responsible manager.

Bogus Family Office

In early 2011, Timothy Hornibrook, a former co-Head and Head of Macquarie Agricultural Funds Management (MAFM), along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO).

The sales team then used two email addresses for the BFO to extract confidential information from MAFML's competitors in the agricultural investment sector on the pretence that it was assessing potential investment opportunities for its funds under management.

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by

failing to act honestly,

misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP)

misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

Gaining an Advantage

The ASIC delegate said Hornibrook's conduct was 'extremely serious, that he was in a position of responsibility and that general deterrence is an important factor in this case.'

«The deceptive conduct of Hornibrook was not inadvertent nor was it the result of a momentary lapse. It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible,» said ASIC Commissioner Greg Tanzer.

Hornibrook has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

[vmnows]

Ex-Macquarie funds manager banned

The Australian Securities and Investments Commission (ASIC) revealed that in early 2011 Timothy Hornibrook, along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO), that was used to extract confidential information from competitors in the agricultural investment sector.

"Between May 2011 and March 2013, the sales team used two BFO email addresses to send emails to at least nine competitor fund managers based in Australia and overseas, all of which were known by the sales team to be direct competitors of MAFML," ASIC said.

"The emails purported to come from the BFO and contained a ‘request for information' document containing a list of questions, which sought information from MAFM's competitors such as company background, investment process, fund performance and fees.

"The sales team intended to use the information obtained by the BFO in order to give MAFML and/or MCP a commercial advantage against its competitors."

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by:

Failing to act honestly;

Misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP); and

Misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

ASIC Commissioner Greg Tanzer said that "The deceptive conduct of Mr Hornibrook was not inadvertent nor was it the result of a momentary lapse".

"It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible," Tanzer said.

Dennis Ward

[asic24]

ASIC bans former director and responsible manager of Macquarie subsidiary

The former director and responsible manager of a Macquarie subsidiary has been penalised from providing financial services for a period of six years.

The Australian Securities and Investments Commission has banned Timothy Hornibrook finding that he had breached his duties as an officer of a responsible entity of a registered managed investment scheme.

Hornibrook, formerly a director and responsible manager of Australian financial services licensee, Macquarie Agricultural Funds Management (MAFML), was banned after ASIC found that he contravened financial services laws whilst he was a director and responsible manager.

Bogus Family Office

In early 2011, Timothy Hornibrook, a former co-Head and Head of Macquarie Agricultural Funds Management (MAFM), along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO).

The sales team then used two email addresses for the BFO to extract confidential information from MAFML's competitors in the agricultural investment sector on the pretence that it was assessing potential investment opportunities for its funds under management.

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by

failing to act honestly,

misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP)

misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

Gaining an Advantage

The ASIC delegate said Hornibrook's conduct was 'extremely serious, that he was in a position of responsibility and that general deterrence is an important factor in this case.'

«The deceptive conduct of Hornibrook was not inadvertent nor was it the result of a momentary lapse. It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible,» said ASIC Commissioner Greg Tanzer.

Hornibrook has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decision.

[taliconnected]

Australia's ASIC bans ex Macquarie manager for using fake Family Office to get info from competitors

The sales team then used two email addresses for the Brook Family Office to extract confidential information from MAFM’s competitors in the agricultural investment sector on the pretense that it was assessing potential investment opportunities for its funds under management.

along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office

That it was assessing potential investment opportunities for its funds under management.

MAFM was an internally structured business which fell under the Macquarie Infrastructure and Real Assets division. Between May 2011 and March 2013, the sales team used two BFO email addresses to send emails to at least nine competitor fund managers based in Australia and overseas, all of which were known by the sales team to be direct competitors of MAFML.

[newstraittimesblog]

Former Macquarie agri subsidiary exec banned for six years

The Australian Securities and Investments Commission (ASIC) has banned former director of Macquarie Agricultural Funds Management (MAFML) Timothy Hornibrook from providing financial services for six years, Agri Investor reports. The watchdog has ruled that in 2011 Hornibrook and “some members of the MAFM sales team” invented a fund manager called the Brook Family Office, and set up two email addresses associated with that name, in order to gain sensitive financial information from competitors, according to a statement from the ASIC. Hornibrook used the fake email addresses to extract sensitive information by pretending to be assessing investment opportunities. ASIC found that between May 2011 and March 2013 similar emails were sent to at least nine Australian and overseas competitor fund managers, requesting information on companies’ backgrounds, investment processes, fund performances and fees.

[brttnow]

Ex-Macquarie funds manager banned

The Australian Securities and Investments Commission (ASIC) revealed that in early 2011 Timothy Hornibrook, along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO), that was used to extract confidential information from competitors in the agricultural investment sector.

"Between May 2011 and March 2013, the sales team used two BFO email addresses to send emails to at least nine competitor fund managers based in Australia and overseas, all of which were known by the sales team to be direct competitors of MAFML," ASIC said.

"The emails purported to come from the BFO and contained a ‘request for information' document containing a list of questions, which sought information from MAFM's competitors such as company background, investment process, fund performance and fees.

"The sales team intended to use the information obtained by the BFO in order to give MAFML and/or MCP a commercial advantage against its competitors."

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by:

Failing to act honestly;

Misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP); and

Misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

ASIC Commissioner Greg Tanzer said that "The deceptive conduct of Mr Hornibrook was not inadvertent nor was it the result of a momentary lapse".

"It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible," Tanzer said.

Robin Berry

[expressnews]

Ex-Macquarie funds manager banned

The Australian Securities and Investments Commission (ASIC) revealed that in early 2011 Timothy Hornibrook, along with some members of the MAFM sales team conceived the concept of a fake family office, named the Brook Family Office (BFO), that was used to extract confidential information from competitors in the agricultural investment sector.

"Between May 2011 and March 2013, the sales team used two BFO email addresses to send emails to at least nine competitor fund managers based in Australia and overseas, all of which were known by the sales team to be direct competitors of MAFML," ASIC said.

"The emails purported to come from the BFO and contained a ‘request for information' document containing a list of questions, which sought information from MAFM's competitors such as company background, investment process, fund performance and fees.

"The sales team intended to use the information obtained by the BFO in order to give MAFML and/or MCP a commercial advantage against its competitors."

ASIC found that Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by:

Failing to act honestly;

Misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP (MCP); and

Misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

ASIC Commissioner Greg Tanzer said that "The deceptive conduct of Mr Hornibrook was not inadvertent nor was it the result of a momentary lapse".

"It was committed over a number of years and was intended to gain an advantage for himself and the Macquarie business for which he was responsible," Tanzer said.

Keith Smith

[24asia-news-press]

Australian Regulator Punishes Former Advisor Over Fake Family Office Scam

The watchdog has banned a former director of a Macquarie Agricultural Funds Management for six years.

Australia’s financial regulator has banned a former financial advisor from the industry for six years for conduct involving the creation of a fake family office. 

The Australian Securities and Investments Commission imposed the ban on Timothy Hornibrook of Clovelly, New South Wales. Hornibrook, formerly a director and responsible manager of Australian financial services licensee Macquarie Agricultural Funds Management, was banned after ASIC found that he contravened financial services laws whilst he was a director and responsible manager, the watchdog said in a statement.

In early 2011, Hornibrook, a former co-head and head of Macquarie Agricultural Funds Management, along with some members of the MAFM sales team, conceived the concept of a fake family office, named the Brook Family Office. The sales team then used two email addresses for the BFO to extract confidential information from MAFML's competitors in the agricultural investment sector on the pretence that it was assessing potential investment opportunities for its funds under management, the regulator continued. 

Hornibrook had breached his duties as an officer of a responsible entity of a registered managed investment scheme by failing to act honestly; misusing the information he acquired as a director of MAFML in order to gain an improper advantage for himself, MAFML and/or Macquarie Crop Partners LP; and misusing his position as director of MAFML to gain an advantage for MAFML and/or MCP.

ASIC's investigations are ongoing, it added.

[banesboy]

so like. i had many thoughts and feelings throughout this episode. all of that doesnt matter now bc i want to perish this is the worst i knew it was coming and YET

[tea-and-liminality]

Longtime followers may like this: MAFM went to Fannibal Fest, too!

[canyounotwastaken]

Pre-tour isn't the worst thing, but man, does it suck

[datutudau]

Quỹ ETF KIM Growth VN30 chính thức niêm yết trên HOSE

Bài viết mới nhất: Quỹ ETF KIM Growth VN30 chính thức niêm yết trên HOSE

(ĐTCK) ETF KIM GROWTH VN30 là chứng chỉ Quỹ ETF thứ tư mô phỏng bộ chỉ số VN30 trên thị trường sau Quỹ ETF VFMVN30 , Qũy ETF SSIAMVN30 và Qũy ETF MAFM VN30. Ngày hôm nay (7/1/2021), 7.100.000 chứng chỉ quỹ của Quỹ ETF KIM Growth VN30 (Mã chứng khoán: FUEKIV30) chính thức chào …

#ChứngKhoán #ChứngChỉQuỹETFKIMVN30, #ETFKIMGROWTHVN30, #KIM DauTuTuDau: https://daututudau.vn/quy-etf-kim-growth-vn30-chinh-thuc-niem-yet-tren-hose/

[pharmaphorumuk]

2nd Manufacturing Assets & Facility Management in Pharma (MAFM) Summit

Twenty-twenty has demonstrated the need for a 24/7, reliable manufacturing environment. Emulating on the first edition in 2020, the 2nd Manufacturing Assets & Facility Management in Pharma (MAFM) Summit will return in May, dedicated to aiding Engineering, Maintenance & Manufacturing Facilities leaders to collaborate. This exclusive, industry-led community will enable you to reduce COGs and maximize efficiency over just 3 days!

Join this cutting-edge discussion with 80+ senior colleagues, including J&J, AstraZeneca, Merck KGaA to advance your predictive asset maintenance strategies, progress facilities to the next generation of manufacturing, and ensure sustainability.

Why is this Community for You? 

Understand how to plan and manage the next generation of biomanufacturing facilities. Accounting for sustainability, flexibility and reliability

Revamp your asset management strategies to minimize downtime and extend asset lifespans

Implement smart asset solutions to reduce COGs such as lean manufacturing and total productive maintenance

Leverage industry 4.0 to utilize predictive maintenance programs

Hear best-in-class management for excellent capital engineering and maintaining operational readiness

Visit our website here to view the full agenda: https://ter.li/z9tcq7

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from https://pharmaphorum.com/events/2nd-manufacturing-assets-facility-management-in-pharma-mafm-summit/