INDEPENDENT NEWS

ASB announces strategic review of Aegis

Published: Tue 21 May 2019 02:03 PM
Tuesday 21 May 2019
ASB has made a decision to undertake a strategic review of its investment and custody businesses Aegis Limited and Investment Custodial Services Limited (together “Aegis”).
Aegis has experienced strong and sustained growth in funds under administration (FuA) and is now one of New Zealand’s largest investment administration firms.
The purpose of the strategic review is to assess whether Aegis can grow and better serve the interests of its customers under ASB’s ownership, or if Aegis’ potential could be better realised under new ownership.
“Aegis is in great shape thanks to strong and sustained funds under administration growth and robust leadership. The strategic review is about enabling the ongoing success of Aegis by ensuring its customers continue to receive excellent levels of service in the future. The review will assess if this is most likely to be achieved under ASB or another owner. Aegis remains committed to excellent service levels for our customers throughout the strategic review process,” said Adam Boyd, ASB executive general manager, Private Banking, Wealth and Insurance.
Aegis’ employees and customers were informed of the strategic review today.
Ends
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
Contact ASB Bank
Website:

Next in Business, Science, and Tech

National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
By: RNZ
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Thousands Of Kiwis Travelling For Queen’s Birthday Weekend
By: Auckland Airport
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
By: RNZ
New Zealand’s population passes 5 million
By: Statistics New Zealand
Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist
By: NIWA
Milestone In Cash Flow Support To SMEs
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media