Aussie money eyes Kiwi Wealth

Kiwi Group Holdings chair Paula Rebstock may see now as a good time to offload Kiwi Wealth. (Image: BusinessDesk)

Wed, 02 Feb 2022

As flagged last month, the government-owned investment business, Kiwi Wealth, is now a location of interest for fund management shoppers.While rumours have been circulating for some time, this week the Australian Financial Review (AFR) added weight to my earlier report with news that Goldman Sachs has taken on investment banking duties to steer the alleged sale process through the motions.The AFR story – performed here by what could be an Asian AI avatar – suggests Goldman Sachs is parading Kiwi Wealth in front of some Aussie prospe...

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