AMP offloads capital markets business to focus on wealth, banking units
Australian wealth manager AMP has agreed to divest AMP Capital’s international infrastructure equity business to US-based DigitalBridge Group. The total…
Australia
Latest in
Australia
AMP confirms potential sale of investment management unit
Australian wealth manager AMP has confirmed its move to offload its investment management unit Collimate Capital, formerly known as AMP…
ByHousehold financial investments in Australia grew 7.6% in 2020
The overall household financial investments in Australia grew 7.6% in 2020, compared with 2019, according to GlobalData's Global Retail Investment…
By
Australia’s Pendal receives $1.8bn acquisition bid from Perpetual
Australia-based Pendal Group has received a non-binding takeover offer from investment manager Perpetual, which values it at A$2.4bn ($1.80bn). Under the…
Brookfield to scoop up La Trobe Financial for $1.1bn
Brookfield Business Partners has signed a deal to buy Australian non-bank lender and asset manager La Trobe Financial for approximately…
Australia’s WT Financial to buy financial adviser group Synchron
Australia-based WT Financial Group (WTL) has brokered a deal to buy its larger rival and privately-owned financial adviser group, Synchronised…
SS&C signs multi-year partnership with Australian wealth manager
US-based financial technology company SS&C has signed a long-term partnership with Australian wealth manager AMP. Under the tie-up, SS&C will…
Westpac starts inviting bids for wealth management unit BT Panorama
Australian bank Westpac is seeking bids for its wealth management unit BT Panorama, Bloomberg reported citing undisclosed people familiar with…