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
Negative market movements, coupled with net outflows, have prompted a near $6 billion decline in Challenger’s funds under management for FY25’s third quarter.
The real estate investment manager has positioned the APAC region for future growth with an internal promotion to the newly created role of deputy head of Asia Pacific.
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.