Forsyth Barr buys Westpac's high-net-worth advice business

Wed, 11 Nov 2020

Westpac is selling the high-net-worth part of its New Zealand wealth advisory business to Forsyth Barr for an undisclosed sum, but it will include 32 Westpac staff moving to the stock broking firm.Westpac's NZ head of private wealth management, Katie Christoffersen, said customers with large investment portfolios will remain with Westpac NZ for transactional and lending needs but their investments will be managed through Forsyth Barr."We expect this model to provide clients with the best of both worlds – great banking products an...

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