Jarden and NAB to launch leading wealth advice and asset management business in New Zealand
Jarden and NAB have today signed an agreement to combine wealth advice and asset management businesses in New Zealand.
Reaching our goal three years ahead of target
In 2016, Jarden set the ambitious goal of quadrupling the business by 2026. We are pleased to share an update that our current performance means we will now reach our 2026 ambitions somewhere between 2022 and 2024.
In 2022, we are pleased to have advised on a number of high profile ASX 50 and NZX 10 transactions and manage a collective NZ$18 billion of funds for our clients.
Because we are tracking three years ahead of plan, our leadership team have been working together on how to best structure and resource our divisions to enable us to continue doing our best work for clients.
Our successes with FNZ, Harbour Asset Management and Pearlfisher Capital have demonstrated that appropriately resourcing business lines, ensuring that they have a sound strategy and giving them autonomy, maximises opportunities for the businesses and clients.
These achievements have contributed to the decision to now establish two core business lines within Jarden Group; Wealth and Corporate Finance & Markets.
The two business lines will be run with greater independence but with a shared purpose of delivering innovative client outcomes.
Corporate Finance & Markets
In the past 12 months we have established ourselves as the number one trans-Tasman Corporate Finance & Markets firm with more than 300 employees in Australia and NZ.
Our equities business has transacted over $50B and in corporate finance we advised on over $100B of deals with some of the leading corporate and private equity clients in Australasia. Nomura has become a key partner for the group and we have jointly worked on a number of initiatives both for our clients and more widely across the business.
To support a wide range of growth initiatives across the business, there will be some movements within our management team, taking effect from the second quarter of calendar year 2023:
Wealth and Asset Management
We believe that increased autonomy and focus would be beneficial for our Wealth business, to scale it into the leading provider of wealth advice in New Zealand. To drive this, Malcolm Jackson will assume the role of CEO of Jarden Wealth and join the Group Board. Having joined us in 2021 from TPG and previously Blackstone, Malcolm is uniquely positioned to lead the transition.
Additionally, as recently announced, Jarden will partner with global technology provider FNZ to combine their direct-to-retail platform Hatch with Jarden Direct. This brings together our wealth management expertise with the global scale of FNZ. Jarden will retain a 25 per cent stake in the combined entity.
All media enquiries, please contact:
Jill Valentine | M. +61 416 189 554 | [email protected]
Jarden and NAB have today signed an agreement to combine wealth advice and asset management businesses in New Zealand.
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