Managing money still makes money, and lashings of it, says the Boston Consulting Group in its 20th annual ‘Global Asset Management Benchmarking’ report.
As well as the equity raise, it also wants to apply to become an authorised bank in Australia.
Circumstances dictated that the government take back 100% ownership of Kiwibank, and no longer be part of NZ Post.
NIB New Zealand recorded an underlying operating profit of $25.4m in the 12 months to June 2022.