Announced
Financials
Tags
New Zealand
Majority
Single Bidder
Friendly
Private
Insurance Brokers
Domestic
Pending
superannuation
Acquisition
insurance
Synopsis
Fisher Funds, a financial consultant company, agreed to acquire superannuation business from Aon New Zealand, an insurance company. Financial terms are not disclosed. “This is an exciting moment for Fisher Funds and will further strengthen our position as one of New Zealand’s leading active funds management businesses. As a result of this transaction over 21k KiwiSaver and Master Trust members and approximately $1bn will be added to our existing $14.5bn of funds under management. This will build on our strong organic growth and the growth in our clients’ investment balances in recent times," Bruce McLachlan, Fisher Funds CEO.
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