Branch manager joins ANZ's business development manager team.

As Aotearoa New Zealand’s largest non-Government philanthropy entity by volume, Perpetual Guardian’s responsible investment philosophy and strategy are informed by its stewardship of charitable trusts; it has $650 million in charitable and philanthropic funds under management. On behalf of its generous clients, Perpetual Guardian has stewarded the distribution of $288m in the last six years, or more than $41.2 million in philanthropic grants per year on average.

Insurance Link, which is part of the Link Financial Group, will become majority-owned by NZ Home Loans.

The Partners Life sale has received all the required regulatory approvals and settlement has been brought forward.

BNZ is the third bank to post a billion dollar-plus profit in the past fortnight.

By Kiwi Wealth

In a wide ranging economic update Cameron Bagrie gives his views on investment strategies, the changing property market and his relief that the regulator is taking some action.

Westpac saw its KiwiSaver FUM fall in the most recent financial year, but it picked up many new members.

NZ Home Loans has taken a majority stake in the Link Financial Group which includes MortgageLink and InsuranceLink.

Reserve Bank governor Adrian Orr has been reappointed for another five year term, but some aren't happy.

Managed fund research business FundSource, which has essentially been in hibernation has a new owner who plans to bring it back to life.