NZ investment banking firm and Credit Suisse end alliance
New Zealand-based investment banking firm, Jarden, and Credit Suisse Australia have announced they have reached a mutual agreement and agreed to exit their formal strategic alliance due to “evolving strategic priorities of both firms”.
Following this, the companies said the transition would take place over the coming months.
“Credit Suisse has been a great partner for Jarden and we also look forward to continuing to work on transactions and initiatives that can mutually benefit our clients,” said James Lee, chief executive of Jarden, said.
Jarden offers a range of investment products and services to clients operating in wholesale and retail markets in New Zealand and around the world and serves a range of clients from individuals to family offices, charitable trusts as well as large corporations and institutions.
“We wish Jarden all the best. We have a long history between us and we look forward to the opportunity to work together in the future,” said Credit Suisse Australia’s chief executive, Richard Gibb, said.
AUTHOR
Oksana Patron
Recommended for you
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
While SMAs may boost adviser efficiency, an adviser has suggested that widespread use could leave some clients in a worse position while also reducing the individuality of their service.
Three advice firms – Talem, Assure and Plenary Wealth – have merged to create a Sydney-based advice business.
Sophie Chen has begun her role as executive director at Sequoia Financial Group, responsible for implementing the firm's strategy in Asia-Pacific as the group looks to cross-border partnerships.
