Centuria Capital has failed in its first attempt to acquire Australian real estate investment trust (A-REIT) Propertylink.
The sale of CBA’s life insurance businesses will help strengthen the bank’s capital position as it prepares for the possibility of heavy fines from AUSTRAC, says Moody’s.
UK-based sustainable investment manager Impax Asset Management has entered into an agreement to acquire US rival Pax World Management.
AIA and Zurich have emerged as the final bidders for CBA’s life insurance assets, while Metlife and Zurich are in the frame for ANZ’s wealth management business.
Netwealth will sell its only remaining financial advice business, with the platform and managed accounts provider in advanced stages of negotiation with a prospective purchaser.
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