Jarden restructuring opens door for boutiques, NZSA chief says

The rumoured restructuring at Jarden, where the investment bank would exit its stake in wealth firm FirstCape and buyout former staff at a premium, could create opportunities for boutique, according to New Zealand Shareholders’ Association chief executive Oliver Mander.

Reports of the carve-up emerged this week that tensions between the investment bank’s shareholders – a mix of existing staff, FirstCape employees and the firm’s alumni – had pulled the firm in different directions, making it difficult for it to settle on a single path.

In The Bottom Line’s latest ‘The Long and the Short of It’ podcast, NZ Shareholders’ Association chief Mander said it made sense to clean up the shareholder structure if there was an irreconcilable dynamic.

“That removes any semblance of conflation between the two very different objectives of those different organisations, and probably wind up more aligned,” he said.