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Can banks make good fund managers?

Thursday 13th of February 2014

John Body said wealth management was an increasingly important part of the financial services sector in New Zealand.

He said while the wealth division was not a high-margin part of the banking business, it was an important one.

ANZ is the odd one out of the New Zealand banks when it comes to  funds management at present. The other banks tend to lean more heavily on outsourcin...

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