Home News 2017 ANZ to Narrow Buyers for Wealth Business

ANZ to Narrow Buyers for Wealth Business

38
0
News in Brief - Caproasia Online


Join more than 4,000 ++ leading financial professionals in Asia. Sign up here. Are you a Private Banker? Sign up here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.


ANZ to Narrow Buyers for Wealth Business

ANZ has narrowed a list of companies for its wealth unit which could be worth more than A$4 billion. ANZ has invited AIA Group, MetLife & Zurich Insurance Group AG to make second round offers to the business by 15th September.

“ANZ has invited AIA Group, MetLife & Zurich Insurance Group AG.”

The division that is up for sale includes ANZ’s life insurance operations and funds management arm. Within ANZ Wealth are a number of dealer groups such as millennium3 and a planning joint venture with ASX-listed Elders.

News Source: AFR

 

About ANZ

ANZ Private Bank
ANZ Private Bank

The Australia and New Zealand Banking Group Limited (ASX:ANZ) first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. Its history involves many different bank prior to the merger of the Bank of Australia with the Union Bank of Australia Limited on 1 October 1951. Today, it provides a range of banking and financial products and services to over 9 million customers in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe, and America.

  • Origin : Melbourne, Australia
  • Assets : $ 889.90 billion
  • Revenue : $ 36.98 billion
  • Employees : 50,152

Official Website: www.anz.com





News & Media: Press Release

Updated on 8th August 2016

 





Join more than 4,000 ++ leading financial professionals in Asia. Sign up here. Are you a Private Banker? Sign up here.

For financial professionals managing assets or advising client , sign up here. Gain advantage today as a Caproasia user. For existing Caproasia user, contact your regional representative.