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Mergers and Acquisitions

M&A

18 May 2018 • By Tim Stewart • 1 min read

Macquarie restructures to target HNWs

Macquarie will merge its private bank and private wealth divisions as part of a renewed focus on high-net-worth clients, resulting in some advisers ...

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NAB reveals post-sale MLC strategy

NAB will continue to refer its clients to MLC advisers once the wealth management business is divested via public sale, says chief customer officer ...

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NAB confirms MLC sale

NAB has confirmed it will exit its wealth management businesses operating under the MLC brands by the end of the 2019 calendar year. In its ...

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Royal commission hears NAB sale ambitions

Evidence tabled before the royal commission has confirmed that the National Australia Bank is considering selling its financial advice assets

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BOQ offloads insurance business

Bank of Queensland has sold its St Andrews Insurance business to Freedom Insurance Group for $65 million. The Queensland-based bank announced in a ...

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Netwealth sells remaining Pathway assets

Financial services software provider IRESS has bought the last elements of Pathway from Netwealth. IRESS acquired what remains of the Pathway ...

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NGS Super and QIEC Super announce merger

Industry super funds NGS Super and QIEC Super have announced a merger that will see them form a superannuation fund with $10.3 billion FUM and 125,000 ...

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CBA mulls sale of offshore insurance arm

The Commonwealth Bank is considering offloading its Indonesian life insurance subsidiary following the sale of CommInsure to the AIA Group

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Nationwide Super outsources to Russell Investments

Industry super fund Nationwide Super has outsourced all of its functions to Russell Investments in what the two organisations describe as an ...

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SuperConcepts acquires OneVue admin business

AMP-owned SMSF administrator SuperConcepts will acquire OneVue’s administration business, less than two months after it bought More Super

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