Wakeup call: Kiwi Wealth hires Goldman

Kiwibank's sister company, Kiwi Wealth, is being shopped around. (Image: BusinessDesk)

Mon, 31 Jan 2022

Summary: Global investment banking giant Goldman Sachs is reported to be shopping Kiwi Wealth, the KiwiSaver funds manager founded by Gareth Morgan, around Australian funds management operations. Elsewhere, the NZ dollar falls again on talk of a 50 basis point Fed hike in March. Aussie Wealth? – The Australian Financial Review’s StreetTalk column reported this morning it understood Kiwi Wealth’s owners, the ACC, NZ Super Fund and NZ Post, had hired investment bank Goldman Sachs to “test strategic and trade...

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