Zipped lips on rumoured Hobson Wealth sale

Zipped lips on rumoured Hobson Wealth sale
Hobson Wealth chair and chief executive Warren Couillault said the company didn't comment on anything that could be 'commercially sensitive'. (Image: Hobson Wealth)
Ella Somers
Forsyth Barr is sticking to a tight script around mounting speculation that the wealth management firm is the top bidder in the rumoured sale of Hobson Wealth.Hobson has more than $4 billion in assets under management, but it's still a much smaller financial fish in the sea of broker-based wealth firms, which has giant players in the form of Forsyth Barr, Jarden and Craigs Investment Partners.Earlier in the month, Forsyth Barr and Craigs IP were allegedly the two top bidders.'Going well'On Saturday, a well-placed source sa...

More Finance

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024
Shareholders association opposes Geneva Finance delisting
Finance

Shareholders association opposes Geneva Finance delisting

Company says it will exceed USX governance rules.

Jem Traylen 26 Jun 2024