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Ord Minnett
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Ord Minnett
Ord Minnett is an Australian wealth management company.
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.
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Ord Minnett
Ord Minnett is an Australian wealth management company.
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.