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First NZ buys wealth firm

Wednesday, May 25th 2016, 4:52PM

Murray & Co has sold its successful wealth management business to First NZ Capital to focus on expanding its investment banking operations.

Managing director Justin Murray said the firm is continuing to grow its investment banking activities throughout New Zealand advising on mergers, acquisitions, divestments, capital raising and financing transactions.

“We are proud of the wealth management business we have built but investment banking continues to be our primary activity.”



At the same time, Justin Murray’s family interests will purchase the Murray & Co shareholdings previously owned by First NZ Capital and interests associated with Humphry Rolleston and Rob Campbell.

Tags: FNZC

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ANZ Special - 3.55 3.55 3.99
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ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.45 3.99
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Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
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First Credit Union 5.85 3.99 4.49 -
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Heartland Bank - Online - - - -
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HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
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HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank ▼5.20 ▲4.20 4.30 4.64
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Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▲3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
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Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
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SBS Bank Special - 3.39 3.45 3.89
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TSB Bank 6.09 4.35 4.25 4.69
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TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
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