NZ investment banking firm and Credit Suisse end alliance
New Zealand-based investment banking firm, Jarden, and Credit Suisse Australia have announced they have reached a mutual agreement and agreed to exit their formal strategic alliance due to “evolving strategic priorities of both firms”.
Following this, the companies said the transition would take place over the coming months.
“Credit Suisse has been a great partner for Jarden and we also look forward to continuing to work on transactions and initiatives that can mutually benefit our clients,” said James Lee, chief executive of Jarden, said.
Jarden offers a range of investment products and services to clients operating in wholesale and retail markets in New Zealand and around the world and serves a range of clients from individuals to family offices, charitable trusts as well as large corporations and institutions.
“We wish Jarden all the best. We have a long history between us and we look forward to the opportunity to work together in the future,” said Credit Suisse Australia’s chief executive, Richard Gibb, said.
AUTHOR
Oksana Patron
Recommended for you
Following an extraordinary general meeting today, Dixon Advisory parent company E&P Financial Group’s shareholders have voted on its proposed delisting from the ASX.
While overall financial adviser numbers have dipped below 15,500 this week, Rhombus Advisory is experiencing growth and approaching 500 advisers in its ranks.
Iress’ Xplan continues to dominate the financial planning software market with a multitude of uses, according to Netwealth research, despite newer players battling for a piece of the pie.
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
