Liontamer back in NZ hands
Laetitia Peterson and Janine Starks sold a 51% stake in the business to KBC in 2007, however the bank is reviewing its non-core operations around the world and has decided to exit the capital protected business in New Zealand.
Starks says in some ways the change “was not entirely unexpected” as banks around the world are making similar changes, however, she is excited to have control of all the business and says Liontamer will continue to operate in New Zealand.
Under the KBC ownership Liontamer branched out into Australia where its opened ended funds, such as the Water Fund, were developed. Starks says the Australian business has been split from the New Zealand one; KBC fully own the Australian business, but are also reviewing its ownership of that operation.
She says the relationship with KBC officially ends on January 30. There will be a transitional period where Liontamer still has access to the bank’s research and product pricing capabilities.
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