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Business Services Industry
AWM likely to win super bid.
Australasian Business Intelligence, January, 2007
Byline: Anna Fenech
Jan 15, 2007 (The Australian - ABIX via COMTEX) -- The i.super and Finium Australian superannuation funds are to be divested by Zurich. The frontrunner among bidders to acquire the assets, which have over $A1.1bn in funds under management, is Australian Wealth Management (AWM). Its own funds under management at present total $A14.3bn through its Bridges Financial Services and Australian Executor Trustees entities and the Select Managed Funds master trust. Challenger Financial Services Group subsidiary Genesys Wealth Advisors holds a quarter-stake in Finium. ...
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