Craigs Investment Partners buy back from Deutsche Bank

 

Craigs Investment Partners Limited is pleased to announce that it has reached an agreement for the staff of Craigs Investment Partners Limited to acquire Deutsche Bank’s 49.9% equity interest in Craigs Investment Partners Limited. The acquisition is subject to the usual approvals and documentation is expected to be signed before the end of February 2020. This will place 100% ownership of Craigs Investment Partners with staff.

While this change will see Craigs Investment Partners Limited [Craigs] return to full staff ownership, it will have no impact on the Craigs business which will operate seamlessly.

Neil Craig (Chairman) and Frank Aldridge (Managing Director) thanked Deutsche Bank for their involvement with Craigs as a global strategic partner. “We have enjoyed a nine-year relationship with DB, one that has proved mutually beneficial throughout a period that has seen the New Zealand financial markets evolve and our business grow exponentially”.

Craigs Investment Partners Limited is one of New Zealand’s largest full service NZX participants. There are four business units in New Zealand including Private Wealth with $20 billion of client funds under management, Institutional Equities & Research, Investment Banking and QuayStreet Asset Management. Craigs also has a 50% equity partnership with Wilsons Advisory and Stockbroking in Australia.

For Media Enquiry

Frank Aldridge
Managing Director – Ph 021 616 833

Neil Craig
Chairman – Ph 021 731 509

About Craigs Investment Partners

Craigs Investment Partners is one of New Zealand's largest investment firms, offering bespoke investment solutions to both private investors and corporate clients. Craigs provides the complete breadth of private client and investment management services including investment advice and management, securities trading, research, cash management, institutional dealing, investment banking and corporate finance.