June 16, 2014

Japanese companies increasingly interested in Australian financial service firms

Suburban street scene, Australia Copyright 2006
Picture: Suburban street scene, Australia 

"Japanese firms have demonstrated an appetite for building their prescence in Australia's financial scene...Nikko Asset Management snaffled the assets of Suncorp Group in 2010, the same year Dai - Ichi (Life Insurance) bought out the remainder of Tower Australia (in a $1.6 Billion deal)"

Source: National Australia Bank touts MLC risk book
Street Talk
Australian Financial Review
Thursday 3rd April 2014, page 22

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