Macquarie agrees to sell majority of NZ retail wealth management unit

Thu, 26 May 2016

By Tina Morrison May 26 (BusinessDesk) - Macquarie Group, the Australian financial firm, agreed to sell the majority of its New Zealand retail wealth management business to local investment manager Warren Couillault and some of its employees, retaining a cornerstone shareholding. Macquarie Private Wealth New Zealand operates a team of 31 wealth advisers across Auckland, Wellington and Christchurch, according to a statement from the group's local unit Macquarie Capital (NZ) based in Auckland. Couillault, a former chief investment officer a...

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