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.
Govts disastrous failures. 20 years of morons in Canberra and look at the results. Housing & Fin Advice two very…
The PHD in economics is the scariest. How many academics actually understand the real world
Money is leaving at a slower rate with this being considered by AMP management as a positive. Australia's Money Pit…
"Our recently launched digital advice solution for AMP Super members is providing simple, intuitive retirement advice at no extra cost.”…
Assistant to Bill Shorten...FoFA, A time when dozens of submissions were made, 90 odd submissions ranging from clients be sent…