Zurich’s acquisition of ANZ’s OnePath business, announced yesterday, is part of the global insurer’s plans to establish a dominant presence in the Asia-Pacific region.
AZNGA, the M&A outfit backed by Italian fund manager Azimut, has acquired boutique wealth management and accounting firm Henderson Maxwell in its 42nd Australian deal.
Zurich Financial Services Australia will purchase ANZ’s OnePath insurance subsidiary, making it the largest retail life company in the country.
Managed Accounts has begun integrating Linear Financial Holdings into its business after the companies announced a merger in September.
Westpac has entered into a new agreement to sell Hastings Funds Management to Northill Capital after a previous agreement with Charter Hall fell through in August.
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