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Home World New Zealand

ANZ to shutter $3bn wholesale funds arm Investment News

2 May 2024
in New Zealand
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ANZ to shutter bn wholesale funds arm Investment News
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Fiona Mackenzie: managing director ANZ Funds Management

ANZ Investments is to close down its roughly $3 billion wholesale funds business by the end of August amid client attrition and a flagged shake-up of the group’s retail and KiwiSaver proposition.

In a note this morning, ANZ told clients it had made the “difficult decision to exit our…



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Tags: 3bnANZarmFundsInvestmentNewsshutterwholesale
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