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Founded Year

1979

About Salmat

Salmat is an Australian marketing services business with media, digital and customer service capabilities.

Salmat Headquarter Location

Level 3 116 Millet Street

North Sydney, New South Wales, 2060,

Australia

1300-725-628

Latest Salmat News

ASX hits reverse in 1.7% opening dive; Heavyweights smashed

Sep 24, 2020

Afterpay names new CFO Afterpay chief financial officer Luke Bortoli is leaving the role after three years and will be replaced by Rebecca Lowde, the boss of digital marketing company Salmat. Ms Lowde will start in the position on October 6. Mr Bortoli will remain employed with the business to assist with the transition to Ms Lowde, particularly in the lead up to Afterpay’s half-year 2021 financial results. Afterpay's Luke Bortoli is leaving the CFO role after three years. Credit:Dominic Lorrimer In a release, Afterpay said Mr Bortoli played a critical role as it transitioned from a small-cap start-up to a globally recognised market leader in the buy now, pay later sector. “Luke has made a transformational contribution to Afterpay in its highly crucial years," Afterpay CEO and Managing Director Anthony Eisen said. Ms Lowde has been the Chief Executive of ASX-listed Salmat for three years and prior to that was group CFO for three years. She was also an executive director and group CFO of ASX200 fintech firm Bravura for over five years and has previously held senior roles primarily in the fintech sector including seven years at Oracle Corporation. Afterpay has also appointed Meahan Callaghan as its chief people officer and Mark Teperson has joined the business as chief strategy officer. More By Emma Koehn Pathology operator Sonic Healthcare has told investors it has taken a cautious approach to executive salaries in the face of the pandemic and made changes to incentives schemes after the business received a first strike against its remuneration report last year. In its annual report released last night, the $16 billion testing business highlighted that despite pauses to its operations throughout the pandemic, it had also facilitated 6 million COVID-19 tests and has managed to take a leading role in testing in the US market, an opportunity it sees as long term. Sonic managing director Colin Goldschmidt received total remuneration of $4.4 million this year, down from $6.2 million last year Credit:Louie Douvis The company received a vote against its remuneration report last year of more than 26 per cent, however, leading it to explain in detail how it was changing pay structures longer term. Managing director Colin Goldschmidt received total remuneration of $4.4 million this year, down from $6.2 million last year as the decision was made to pay out 25 per cent of short term incentive targets. For 2020, long term incentive targets will be paid out as 70 per cent cash and 30 per cent shares. From next year, the managing director’s salary will be shifted so a greater proportion, 40 per cent, is focused on long term rather than short term incentives. Sonic shares closed at $33.91 on Wednesday, having dropped as low at $21.67 when shutdowns first hit pathology volumes. More Victoria records 12 new virus cases, two deaths Today's figures are in and Victoria has recorded 12 new coronavirus cases, down from 15 yesterday. Melbourne's 14-day rolling case average has dropped further to 26.7. Sadly, two more Victorians have lost their lives. Premier Daniel Andrews confirmed more lockdown restrictions will be eased this weekend, beyond those he previously flagged, after declaring the Victoria is winning the battle against coronavirus . Meanwhile, NSW residents can now travel to South Australia without needing to self-quarantine after border restrictions were scrapped this morning. 8.59am By Charlotte Grieve Westpac has announced it will pay a $1.3 billion fine, the largest in Australian corporate history , for breaching anti-money laundering laws and for failing to stop child exploitation payments. Chief executive Peter King apologised for the bank's failings as the settlement with the financial crimes regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC), was announced. Westpac has announced it will pay a $1.3 billion fine, the largest in Australian corporate history. Credit:Jessica Hromas "We are committed to fixing the issues to ensure that these mistakes do not happen again. This has been my number one priority. We have also closed down relevant products and reported all relevant historical transactions." By Herbert Lash Wall Street's main indexes fell sharply overnight after data showing a cooling of US business activity and the stalemate in Congress over more fiscal stimulus heightened concerns about the economy while the coronavirus pandemic remains unchecked. The Nasdaq and S&P 500 fell more than 2 per cent, and all 11 of the major S&P sectors closed lower. Energy - already the worst-performing sector this year - led the rout in its biggest single-day decline since July 9. US stocks took a beating overnight. Credit:AP Hopes of a strong recovery and historic stimulus fueled the US stock rally following the coronavirus-driven crash in March. But doubts over another relief bill and a sell-off in heavyweight technology-related stocks have weighed on sentiment since the market peaked on September 2. Wednesday's plunge came six months to the day that US stocks on March 23 tumbled to their lowest point during the pandemic-induced selloff. The economy is now levelling off at about 80 per cent of activity before the pandemic and won't get back to normal until a vaccine is in place, said Jason Pride, chief investment officer of private wealth at Glenmede in Philadelphia. "We're at that phase where it's harder to get that next bit of the recovery, that next bit of the reopening in place," Pride said. "We're still doing it, but the progress is way slower than it was in the first three months of the reopening." Investors are struggling to understand where to invest with mega-cap tech stocks trading well above their long-term fair value, but the deep-value stocks represent maturing industries, such as energy and brick-and-mortar banks, he said. "We’re spending more of our time in that sweet spot in the middle to get away from the extremes of growth," Pride said. Federal Reserve Chair Jerome Powell said on Wednesday that the central bank was not planning any "major" changes to its Main Street Lending Program, while saying that both the Fed and Congress need to "stay with it" in working to bolster the economic recovery. "The longer we go without more stimulus, the harder it will be to sustain the gains in the economy," said Willie Delwiche, investment strategist at Baird in Milwaukee. Data from IHS Markit showed gains at factories were offset by a slowdown in the broader services sector in September, suggesting a loss of momentum in the economy at a time when concerns are rising about a potential surge in COVID-19 cases heading into the colder months. Meanwhile, the US Justice Department unveiled a legislative proposal, which would need congressional approval, that seeks to reform a legal immunity for internet companies and follows through on President Donald Trump's bid from earlier this year to crack down on tech giants. Wall Street favourites including Apple Inc, Google-parent Alphabet and Amazon, which have borne the brunt of recent losses, again declined at a rate exceeding losses of the benchmark S&P 500. A decline in Facebook Inc came in below the S&P drop. The S&P 500 skidded to lows last seen in late July and is now down 9.6 per cent from its record high hit three weeks ago. That puts it less than half a percentage point from entering corrective territory, as the Nasdaq did last week. The Dow Jones Industrial Average fell 525.05 points, or 1.92 per cent, to 26,763.13. The S&P 500 lost 78.65 points, or 2.37 per cent, to 3,236.92, and the Nasdaq Composite dropped 330.65 points, or 3.02 per cent, to 10,632.99. Reuters

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