What sale of Devon Funds parent says about NZ financial services

What sale of Devon Funds parent says about NZ financial services
The age-old question: does size matter? (Image: Getty)
David Chaplin
More big local fund manager news broke in June as a deal, so long in the making that most industry observers had written it off as fiction, finally came through.Under the arrangement, Investment Services Group – a conglomerate of three fund brands, an advisory network, a distribution platform and a KiwiSaver scheme – sold three-quarters of its equity to blue-blood Australian stockbroker-cum-wealth manager, Shaw and Partners (known as Shaws).Founded by New Zealand funds luminary, Paul Glass, ISG had been shopped around to various par...

More Finance

Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025
UPDATED: ASB, ANZ offered settlement in class action stoush
Finance

UPDATED: ASB, ANZ offered settlement in class action stoush

ANZ immediately rejected the offer as a "stunt".

Pattrick Smellie 16 Jul 2025
Aussie fintech InDebted buys NZ firm Debtworks
Finance

Aussie fintech InDebted buys NZ firm Debtworks

Debtworks’ 44 staff will be absorbed into InDebted and clients will be carried over.

John Anthony 14 Jul 2025