Business Services Industry
AWM eyes super funds.
Australasian Business Intelligence, January, 2007
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Byline: Brendan Swift
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Jan 15, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Australian Wealth Management (AWM) has announced that it is looking to acquire more corporate superannuation businesses. It is in discussions with Zurich Financial Services Australia and Genesys Wealth Advisors to buy their i.super and Finium businesses. The deals would increase AWM's super investments by $A1.1bn. Zurich owns all of i.super and three-quarters of Finium. Genesys and Challenger Financial Services own the remainder. The super sector has seen a spate of consolidation in ...
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