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IOOF completes acquisition of NAB trustee business

IOOF completes acquisition of NAB trustee business

Reporter
— 1 minute read

IOOF has announced that it has completed the acquisition of National Australia Trustees Limited via its Australian Executor Trustees Limited subisidiary.

This acquisition was the result of IOOF’s agreement with National Australia Bank (NAB) to purchase NATL and its other trustee businesses.

IOOF managing director Christopher Kelaher commented on this development, saying that the company is excited with the benefits that the acquisition will bring to the clients and advisers of AET and NATL.

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“The acquisition further reinforces IOOF’s commitment to providing advisers and their clients with professional estate and trustee services as part of our holistic approach to wealth management planning,” Mr Kelaher added.

IOOF will be getting in touch with NATL customers regarding this ownership change.

 

IOOF completes acquisition of NAB trustee business
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