Jarden/NAB tie-up creates big new markets player, FirstCape

Inaugural FirstCape CEO Malcolm Jackson. (Image: Supplied)

Thu, 14 Dec 2023

New Zealand investment house Jarden is selling its wealth advice and asset management arms into a three-way deal with National Australia Bank and Pacific Equity Partners.The transaction comes less than four years after First NZ Capital rebranded as Jarden for all of its operations, including as one of the largest traders of shares on the NZ stock exchange.No valuation is given for the deal, which will rename the new combined business FirstCape and will fold in Jarden Wealth and JBWere NZ with Harbour Asset Management and BNZ Investment Services...

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