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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
