First NZ Capital eyes wider product offering with Direct Broking deal

Mon, 20 Nov 2017

By Paul McBeth Nov. 21 (BusinessDesk) - First NZ Capital will test the waters with customers about what products it should be offering with its new foray into direct wealth, says chief executive James Lee. The Wellington-based broking and research house has agreed to buy ANZ Bank New Zealand's online trading platform for an undisclosed sum, developing a distribution relationship with New Zealand's biggest lender. FNZC will return the platform to its old Direct Broking name as it seeks to develop a footprint into a new space for the firm....

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