NAB completes exit of NZ wealth management
National Australia Bank (NAB) has now exited its New Zealand wealth management business.
NAB has announced to the Australian Securities Exchange (ASX) that it had sold its New Zealand wealth management business to newly-established entity FirstCape Limited – a group which brings together NAB’s JB Were NZ and BNZ Investments Services together with Jarden Wealth and Harbour Asset Management.
NAB said it would hold a 45% stake in FirstCape with Jarden holding a 20% shareholding with funds managed by Pacific Equity Partners having acquired a 35% stake in FirstCape.
So someone in India who isn't licensed provided personalised financial advice and ASIC's response is to tell them to be…
Seeking Regulatory relief from Regulation. Industry Super Funds want to control $1.6 Trillion $$$ and ever growing with almost zero…
If Kalkine has officially been released and operates under a legitimate license to provide general advice, it raises an important…
Not sure what they're seeking regulatory relief from. In my view is they get tickled with a warm lettuce leaf…
Will they ever be named & shamed, fined and banned for life ??? Unlikely hey ASIC & APRA, especially for…