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Westpac to Sell One Financial Advisory Business, Merge Unit's Funds With Mercer Super Trust | Investing News

(Reuters) – Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s ongoing push to exit non-core businesses. The country’s third-largest lender also said it would merge its unit BT’s personal and […]
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Westpac to Sell One Financial Advisory Business, Merge Unit's Funds With Mercer Super Trust | Investing News

(Reuters) – Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s ongoing push to exit non-core businesses. The country’s third-largest lender also said it would merge its unit BT’s personal and […]