Already a subscriber?Jarden Group’s shareholders overwhelmingly voted in favour of selling its New Zealand-based wealth and asset management business, providing much-needed capital into the business, and a greater share of cash for its Australian investment bank.
The transaction, which valued FirstCape at $NZ700 million , still required regulatory approval.Louise Kennerley Jarden said on Thursday that FirstCape will house 113 wealth advisers, $NZ29 billion of funds under advice and $NZ15 billion of funds under management , which includes $NZ5 billion of KiwiSaver FUM.The sale comes at a crucial time for its local investment bank. Spearheaded by co-chief executives Sarah Rennie and Aidan Allen, Jarden’s Australian arm dragged down profits for the broader group after the investment bank logged an $NZ8.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment banking secrets from Barrenjoey, Deustche Bank, ABN Amro and Jarden revealed in the novel High Heels and Low Blows by Jill ValentineAfter 20 years at the likes of Barrenjoey, Deustche Bank, ABN Amro and Jarden, Jill Valentine explores leadership styles, drug-fuelled parties and the dark art of “blue hushing” in her fiction.
Source: FinancialReview - 🏆 2. / 90 Read more »
Jarden’s Sarah Rennie on moving to a start-up and why investment banking is becoming more female-friendlyJarden co-chief executive Sarah Rennie discusses taking the plunge on a start-up and why investment banking is becoming more female-friendly.
Source: FinancialReview - 🏆 2. / 90 Read more »
Jarden’s Sarah Rennie on moving to a start-up and why investment banking is becoming more female-friendlyJarden co-chief executive Sarah Rennie discusses taking the plunge on a start-up and why investment banking is becoming more female-friendly.
Source: FinancialReview - 🏆 2. / 90 Read more »
Investment banking secrets from Barrenjoey, Deustche Bank, ABN Amro and Jarden revealed in the novel High Heels and Low Blows by Jill ValentineAfter 20 years at the likes of Barrenjoey, Deustche Bank, ABN Amro and Jarden, Jill Valentine explores leadership styles, drug-fuelled parties and the dark art of “blue hushing” in her fiction.
Source: FinancialReview - 🏆 2. / 90 Read more »