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
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
