Business Services Industry
Analysts endorse AWM/IOOF merger.
Australasian Business Intelligence, December, 2008
Byline: Mike Taylor
Dec 09, 2008 (Money Management - ABIX via COMTEX) -- Analysts anticipate considerable synergies from the amalgamation of Australian Wealth Management and IOOF. Citigroup claims the merger could help IOOF overcome the disadvantages of lack of scale. Merrill Lynch points out benefits such as enhanced distribution and vertical integration throughout the wealth management value chain. The merged entity will have over $A88 billion under administration, advice and management.
Publication Date: 4 December 2008
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