Australia’s JBWere is entering an alliance with investment bank UBS, which will allow a broader offering to its private wealth clients.
The arrangement will allow JBWere’s Australian clients to access UBS’s pipeline of equity deals and IPOs as well as accessing domestic and international investment research, covering more than 3,000 stocks in Australia, New Zealand and internationally.
JBWere has more than 500 employees across its nine offices and over $45b in assets under advice, and is part of the NAB Group, according to a press release from Monday.
Taking Back Goldman Sachs Stake
«The alliance with UBS is fantastic for our private wealth clients and will allow them to access a large and diverse range of world-class research and products,» said JBWere CEO Justin Greiner.
National Australia Bank (NAB), the majority shareholder in JBWere, has also announced today that it will exercise its option to acquire the remaining 19.9% share in JBWere from Goldman Sachs, reinforcing NAB’s commitment to the private wealth manager and its clients.
