News

For sale: Aegis

Friday 19th of March 2010

In a letter sent to clients, Laurie Mellsop, ASB general manager investments, revealed Aegis was on the block after an extensive review of all parts of the bank's business.

"This review has prompted ASB to explore various options with respect to the Aegis business... including a possible sale of the business as a going concern," Mellsop says.

With $5.4 billion under administration...

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