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.
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