IOOF completes acquisition of ANZ P&I

On 31 January 2020, IOOF successfully completed the acquisition of ANZ’s Wealth Pensions and Investments business (P&I).

Renato Mota, CEO, commented “The acquisition of P&I will play a key role in the transformation of IOOF into Australia’s leading advice-led wealth management business

As at 31 December 2019, the P&I business had Funds under Administration of $48.2 billion and Funds under Management of $26.8 billion1.

For more information, view the ASX announcement.

1 Source: ANZ. Unaudited.