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.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.