ING acquires FSP
ING Australia is to acquire the FSP Group, which includes Financial Services Partners.
ING announced today that it will pay in excess of $50 million to acquire 100 per cent of FSP, with the move seeing Tandem Financial Advice, which is already 100 per cent owned by INGA, becoming integrated into the FSP Group.
Announcing the move today, ING chief executive Paul Bedbrook said FSP was a fast-growing financial services group with a strong network of advisers.
AUTHOR
Mike Taylor
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