PEP-backed Jarden/BNZ tie-up hungry for more

There’s been a lot of consolidation of private wealth firms globally, especially in Australia. (Image: Destination NSW)

Thu, 14 Dec 2023

The country’s newest wealth and asset management business – FirstCape – is unlikely to stop at the initial deal bringing together the Jarden and National Australia Bank businesses, with further KiwiSaver providers in its sights. The much-anticipated deal bringing together wealth managers Jarden Wealth and JBWere NZ and asset managers Harbour Asset Management and BNZ Investment Services is expected to be completed between March and June next year, creating a powerhouse financial services firm with 113 advisers, $29 billion...

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