BT Financial Group
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BT Financial Group is a financial services company based in Australia, with operations there and in New Zealand. It s product range includes managed investments, life insurance, superannuation and discount brokering products. BT also offers custody and settlement services to institutional customers and fund managers.
BT is the wealth management arm of Westpac, a banking and other financial services company operating since 1817.
BT’s core business is providing investment, superannuation and retirement income products, financial advice and insurance options.
[edit] History
BT was formed as Banker's Trust (not to be confused with the American bank of the same name[1]) in 1969. It has previously been owned by Deutsche Bank and Principal Financial Group. Westpac acquired BT from Principal in October 2002.[2]
As at 30 September 2007, BT managed and administered over $85 billion in funds.[3]
BT's investment arm was floated as a separate company, BT Investment Management, in October 2007[4]
[edit] Notes
- ^ Note that the Wikipedpia entry for Banker's Trust confuses the two companies, as they were both owned by Deutsche Bank at different times
- ^ Westpac Website: http://www.westpac.com.au/internet/publish.nsf/Content/PBIS+Westpac+and+BT
- ^ BT Website: http://www.bt.com.au/
- ^ Money Management e-zine: http://www.moneymanagement.com.au/Articles/Westpac-to-float-BT_0c04f2af.html
BT Investment Management website: http://www.btim.com.au/
