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01 July 2020 • By Lachlan Maddock • 1 min read

AMP sells life business

AMP has sold its life insurance business to Resolution Life for $3 billion, completing a “key priority” in its transformation strategy

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Warakirri buys small-cap boutique stake

Investment firm Warakirri Asset Management is set to acquire a 50 per cent stake in fellow boutique Flinders Investment Partners. The two firms ...

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AMP Life sale greenlit

AMP has received regulatory approval for the sale of its life insurance business. The transaction is expected to wrap up after the market closes on ...

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WA wealth managers set up merger

Two stockbroking, institutional and wealth management firms in Western Australia are looking to join forces, under a proposed merger transaction

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Westpac exits Pendal

Westpac has sold out of its residual 9.5 per cent stake in Pendal for $185.3 million, with the bank’s ongoing wealth review to potentially affect its ...

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Centuria makes play for Kiwi fundie

Centuria Capital Group has made a full takeover offer for New Zealand property fund manager Augusta Capital for NZ$130 million ($121.3 ...

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ANZ exits NZ asset financier

ANZ has sold its asset finance business in New Zealand, UDC Finance for NZ$762 million ($708.2 million) to Japan-based Shinsei Bank. The sale is in ...

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PhillipCapital exits Aus retail advice

The Australian arm of Asian brokerage firm PhillipCapital Group has sold its private wealth business to Sequoia Wealth Management, ending its ...

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Clime secures Madison

Clime Investment Management has signed off on a purchase of a number of brands previously held by embattled fintech Sargon Capital, including advice ...

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Private equity stake to prep CFS for full sale

A major bank’s sale of a majority stake in its super business to a private equity firm is likely to see the business come out leaner and more profit ...

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