Jarden to carve out profitable wealth division

More changes are coming for Jarden. (Image: Getty)

Tue, 01 Aug 2023

Jarden is carving out its profitable wealth division from its broking and investment banking division, which has been carrying the losses of growing the Australian business. The investment house’s ultimate parent – Jarden Group – tipped in an extra $64 million of additional funding in the period to help fund the group-wide expansion, with its Jarden Australia unit notching up losses of A$13.3m (NZ$14.3m) in the 15 months ended March 31 and A$5.1m in calendar 2021. The 15-month reporting was due to the entity moving f...

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