Zenith takes Chant West
Research and ratings house, Zenith has acquired superannuation-focused ratings house, Chant West.
Zenith said it had entered into an agreement to purchase the Chant West superannuation and consultancy business from Chant West Holdings Limited with the transaction to take place by way of an asset sale for a $12 million consideration with the transaction to be completed in April.
Commenting on the move, Zenith chief executive, David Wright said it represented a logical fit for Zenith’s growth plans to expand the client base.
The combined business will employ more than 70 staff and have an office location in both Sydney and Melbourne.
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
