FNZ complete GBST acquisition
New Zealand-originated global technology company, FNZ has completed its acquisition of financial service technology provider, GBST Holdings Limited.
Commenting on the acquisition, FNZ group chief executive, Adrian Durham said it marked the beginning of an exciting period of opportunity for both businesses, with GBST being a strong strategy fit for FNZ reinforcing its position as the leading business to business wealth management platform as a service provider.
FNZ Asia Pacific chief executive, Tim Neville said the acquisition represented a significant milestone in the company’s goal to expand its business into the Asia Pacific market.
Recommended for you
VanEck is expanding its fixed income range with a new ETF this week to complement its existing subordinated debt strategy which has received $1 billion in inflows this year.
Specialist global equities manager Nanuk has celebrated 10 years of its flagship New World Fund and is actively considering its next possible vehicle.
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.

