wealth management business

Financial planning

AMP has moved into what it has identified as one of three priority markets of Europe, in acquiring Italian wealth management business Commerzbank Asset Management Italia ...

Financial planning

Westpac boosts capital with AGC sale and share buy-back

Westpac's plan to sell its consumer finance business AGC to GE Capital for $1.65 billion has been approved by the Australian Competition and Consumer Commission (ACCC), j...

Financial planning

Scale may not be the right answer

By now most of the financial services industry has heard that Westpac, in one of the industry’s lesser kept secrets, will buy Rothschild Australia Asset Management from i...

Financial planning

Westpac and Rothschild do the deal

Westpac and Rothschild Australia Asset Management will combine their funds management businesses to form a new organisation, following the announcement yesterday of Westp...

Financial planning

Round up

A round up of the latest events in the retail financial services business....

Financial planning

ANZ close to finding new partners

The ANZ Bank has revealed it has narrowed down the list of potential partners it may use to develop its wealth management business....

Financial planning

National pays $115 million for Deutsche businesses

The National Australia Bank has paid $115 million for Deutsche Financial Planning and its non-discretionary master trust business Deutsche Funds Management....

Financial planning

National buys MLC for $4.5 billion

The National Australia Bank confirmed industry rumours by officially announcing it will purchase MLC from Lend Lease for $4.56 billion cash, with a completion date set fo...