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Mergers and Acquisitions
BOQ offloads insurance business
Bank of Queensland has sold its St Andrews Insurance business to Freedom Insurance Group for $65 million.
Netwealth sells remaining Pathway assets
Financial services software provider IRESS has bought the last elements of Pathway from Netwealth.
NGS Super and QIEC Super announce merger
Industry super funds NGS Super and QIEC Super have announced a merger that will see them form a superannuation fund with $10.3 billion FUM and 125,000 members.
CBA mulls sale of offshore insurance arm
The Commonwealth Bank is considering offloading its Indonesian life insurance subsidiary following the sale of CommInsure to the AIA Group.
Nationwide Super outsources to Russell Investments
Industry super fund Nationwide Super has outsourced all of its functions to Russell Investments in what the two organisations describe as an “alliance”.
Appointments
