A slowdown in consumer spending or economic growth is nowhere to be seen in Australia, despite its Reserve Bank increasing the cash rate to its highest level in seven years…
Jarden’s continued success drives evolving strategy & structure
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 Investment Bank.
- Jarden Investment Bank will comprise of Advisory & Capital Markets, Equities & Research, Energy & Renewables and Agriculture, and Capital Solutions (Pearlfisher Capital and Principal Investments).
- Jarden Wealth will encompass our advisory business, and our respective stakes in Hatch and Harbour Asset Management.
The two business lines will be run with greater independence but with a shared purpose of delivering innovative client outcomes.
In the past 12 months we have established ourselves as the number one trans-Tasman Investment Bank 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:
- Aidan Allen and Sarah Rennie will assume the role of Co-CEOs of Jarden Investment Bank and join the Group Board.
- Sam Ricketts and Dan Reynolds will assume the roles of Co-Heads of New Zealand Investment Bank.
- John Spencer will continue in the role of Head of Australian Equities, and Ben Gilbert as Head of Australian Research.
- Robbie Vanderzeil will continue in a senior leadership role as Chairman of Australia, allowing more time for our clients to benefit from Robbie’s market leading judgement and experience.
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.
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