Completion of sale of NAB’s NZ wealth business to FirstCape
By BNZ
Exchange announcement
30 April 2024
NAB announces completion of sale of NAB's NZ wealth management business to FirstCape
Attached is an announcement provided by National Australia Bank Limited (NAB), the ultimate parent company of Bank of New Zealand (BNZ), to the Australian Securities Exchange today relating to the completion of the sale of its New Zealand wealth management businesses to newly established entity, FirstCape Limited (FirstCape).
The creation of FirstCape brings NAB's JBWere New Zealand and BNZ Investment Services Limited businesses together with Jarden Wealth and Harbour Asset Management, to create a leading advice and asset management business for clients in New Zealand.
Ends
For further information, please contact:
Michelle Sutcliffe, GM Governance and BNZ Company Secretary
M. 021 306 985, E. michelle_sutcliffe@bnz.co.nz