Sydney-based Westpac Banking Corp. is reviewing possibilities of acquiring insurance and funds management businesses. “We certainly remain excited about opportunities in bancassurance, as we feel it represents the future of financial services,” said David Morgan, chief executive, in a shareholder letter released to the Australian Stock Exchange. “More importantly, we will not consider any acquisition that closes off future organic growth options.”
Topics Mergers & Acquisitions Australia
Was this article valuable?
Here are more articles you may enjoy.
Thoma Bravo to Take Accelerant Private in $4 Billion Deal 
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk? 
Delta Probing Unauthorized Wi-Fi on Flight After Hacker Event 
Jury Finds No Gun Defect, Sides With Sig Sauer in Unintended Discharge Case 
