NZX to acquire ASB Superannuation Master Trust for $25m.

NZX, a national stock exchange for New Zealand, agreed to acquire ASB Superannuation Master Trust, which includes more than $1.8bn in retirement savings, for $25m. “Earlier this year we announced a significant investment in our wealth management business, partnering with the world’s largest investment manager BlackRock to deliver even better outcomes for our customers. By focusing on these core offerings, we can continue to invest in enhanced customer experiences and performance,” Adam Boyd, ASB Executive General Manager of Private Banking, Wealth and Insurance.