Australia
AMP sells international investment management arm for A$462m
And its domestic division for A$430m
Aussie wealth managers merge
The two businesses will continue to operate as standalone entities
Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
Aussie advice firm makes bid for investment company
To create a ‘global asset manager’
Blacktower expands to Australia
Future growth plans include the UAE, South America and Canada