Craigs buys back Deutsche stake

The acquisition is subject to the usual approvals and documentation is expected to be signed before the end of February 2020. This will place 100% ownership of Craigs Investment Partners with staff.

While this change will see the business return to full staff ownership, it will have no impact on the Craigs business.

Chairman Neil Craig and managing director Frank Aldridge thanked Deutsche Bank for their involvement with Craigs as a global strategic partner.

“We have enjoyed a nine-year relationship with DB, one that has proved mutually beneficial throughout a period that has seen the New Zealand financial markets evolve and our business grow exponentially."