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Ord Minnett

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Financial services organisation
Ord Minnett
IndustryFinancial services
Founded1951
FounderCharles Ord
Jack Minnett
HeadquartersSydney, Australia
Key peopleKarl Morris (Managing Director)
ServicesStockbroking
Websitewww.ords.com.au

Ord Minnett is an Australian wealth management company.

History

Ord Minnett was founded in 1951 by Charles Ord and Jack Minnett. In 1969, Bankers Trust and Ord Minnett formed BT-Ord, a merchant bank with Ord Minnett having a 60% shareholding. Ord Minnett sold out to Bankers Trust in 1972.

Westpac purchased a 50% shareholding in July 1984, before exercising an option to take full ownership in April 1987. Westpac sold out in August 1993, with Jardine Fleming and staff each owning 50%. Australian Wealth Management purchased a 70% shareholding in May 2008 with JPMorgan Chase, that had purchased Jardine Fleming, retaining 30%. In September 2019 Ord Minnett was sold in a management buyout.

References

  1. History & Heritage Ord Minnett
  2. ^ Bain, Jim (2007). A Financial Tale of Two Cities. University of New South Wales Press. ISBN 978-0868409634.
  3. Westpac launches new service Canberra Times 12 November 1985 page 17
  4. Business Briefs Canberra Times 2 April 1987 page 13
  5. Were Climbs Back into Hot Seat Australian Financial Review 12 November 1993
  6. Ord Minnett sale sparks expansion Canberra Times 3 August 1993 page 11
  7. JF in Ord Minnett stake South China Morning Post 24 September 1993
  8. Ord Minnett management take control as IOOF and JP Morgan exit Business News Australia 27 June 2019
  9. IOOF sells out of Ord Minnett in $115m deal with management Sydney Morning Herald 27 June 2019
  10. IOOF announces the completion of the sale of Ord Minnett IOOF 24 September 2019
JPMorgan Chase
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