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
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
