Australia
Westpac sells asset management arm to Mercer
Firms also agree a superannuation funds merger
Australian investment manager buys wealth firm
Deal adds A$380m in funds under management
Former Australian adviser faces 17 charges
He was permanently banned from the industry for an unrelated matter in 2016
US firm buys minority stake in Aussie advice business
It is the company’s first deal outside of the states
AMP sells international investment management arm for A$462m
And its domestic division for A$430m