AMP has abandoned plans to sell its New Zealand wealth management business following disruption caused by the covid–19 pandemic to economic and financial markets. The company said it held discussio
By AnnaMaria Andriotis Morgan Stanley plans to cut several hundred jobs in its wealth-management division. New chief executive Ted Pick is seeking to rein in costs in an area that is critical to the W
Forsyth Barr and Jarden analysts have raised their target prices for exchange operator NZX following a 10% guidance lift. NZX Ltd said Monday it expects full-year 2024 operating earnings before inte
New Zealand-founded global wealth management platform FNZ has appointed Jeremy Graham as the new chief executive of New Zealand and Aroha Steele as the country’s chief operating officer. FNZ was f
South Port New Zealand Ltd is the southernmost commercial port in New Zealand, located at Bluff and operating on a year-round, 24 hour basis.It is situated in the highly productive province of Southla
Trainee reporterfunded through One of the country’s largest and oldest public organisations is making a cultural shift. AMP is putting in place tikanga Māori (Māori protocol) in its everyday busin
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
AMP plans to separate its AMP Capital private market investment arm into an independent business after talks to sell the division fell through. The demerger would create two “more focused busines
By Tina Morrison May 26 (BusinessDesk) - Macquarie Group, the Australian financial firm, agreed to sell the majority of its New Zealand retail wealth management business to local investment manager W
Just like that, AMP Capital NZ stands to lose the title as the country’s second-largest fund manager in its weight division. Following a stinging slap this week from sister company, AMP Wealth NZ, A
By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
By Jenny Ruth Sept. 16 (BusinessDesk) - Could the lack of new listings on NZX be as simple as New Zealand not having enough traditional stock-broking and merchant banking firms? The capital markets r
AMP Wealth Management in New Zealand continues to bleed funds outflows but it is also attracting sizeable cash inflows, despite continuing to languish in investment performance tables. The fund manage
By Paul McBeth Oct. 25 (BusinessDesk) - AMP plans to spin out its New Zealand wealth management and advice division in an initial public offering next year. The Australian financial services firm
AMP Wealth Management in New Zealand saw its net cash outflows nearly double to A$102 million (NZ$109m) in the three months ended March from A$56m in the same quarter last year. The Australian parent.
AMP Group is an independent leading Australia and New Zealand wealth management group with an expanding international investment management business and a growing retail banking business in Australia.
By Annamaria Andriotis Morgan Stanley’s wealth-management arm is being scrutinised by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich for
By Sophie Boot Jan. 27 (BusinessDesk) - Australia & New Zealand Banking Group has had a senior management reshuffle, with new group chief executive Shayne Elliott promoting two New Zealand leaders to.
By Jenny Ruth May 2 (BusinessDesk) - AMP’s New Zealand wealth management business suffered a net cash outflow of A$52 million in the March quarter, a big turn-around from a net inflow of A$53 millio
By Rebecca Howard Feb. 9 (BusinessDesk) - AMP’s New Zealand financial services, the local unit of the Australian financial services firm, reported a higher underlying operating profit after tax alth
By Rebecca Howard Aug. 10 (BusinessDesk) - AMP’s New Zealand financial services, the local unit of the Australian financial services firm, posted a little changed underlying operating profit after
AMP Wealth Management will exit its offices in both Auckland and Wellington, but has quietly taken the 'for sale' sign off its New Zealand business. The wealth manager, which has about $6 billion in
Wayne Douglas Gretzky was a professional Canadian ice hockey player and former head coach. He played 20 seasons in the National Hockey League (NHL) for four teams from 1979 to 1999. He was nickname
By Paul McBeth Feb. 8 (BusinessDesk) - AMP's New Zealand financial services division lifted annual earnings 1 percent as a cost-cutting exercise and increased funds under management fattened margins,.
AMP Capital has named ethical investment specialist Rebekah Swan as the new managing director of its New Zealand business, while Craigs and Milford also announced new staff appointments today. Swan sa
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