BT Financial Group
Encyclopedia
BT Financial Group is a financial services company based in Australia
, with operations there and in New Zealand
. Its product range includes managed investments, life insurance, superannuation and discount brokering products. BT also offers custody and settlement services to institutional customers and fund managers.
BT is the wealth management
arm of Westpac
, a banking and other financial services company operating since 1817.
BT’s core business is providing investment, superannuation and retirement income products, financial advice and insurance options.
of New York ) in 1969. It has previously been owned by Deutsche Bank
and Principal Financial Group
. Westpac acquired BT from Principal in October 2002.
As at 30 September 2007, BT managed and administered over $85 billion in funds.
BT's investment arm was floated as a separate company, BT Investment Management, in October 2007
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, with operations there and in New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
. Its product range includes managed investments, life insurance, superannuation and discount brokering products. BT also offers custody and settlement services to institutional customers and fund managers.
BT is the wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
arm of Westpac
Westpac
Westpac , is a multinational financial services, one of the Australian "big four" banks and the second-largest bank in New Zealand....
, a banking and other financial services company operating since 1817.
BT’s core business is providing investment, superannuation and retirement income products, financial advice and insurance options.
History
BT was formed as Banker's Trust (the Australian subsidiary of Bankers Trust CompanyBankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
of New York ) in 1969. It has previously been owned by Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
and Principal Financial Group
Principal Financial Group
Principal Financial Group is a publicly traded corporation based in Des Moines, Iowa, USA.The Principal Financial Group is a global financial services provider which offers a wide range of financial products and services, and is a U.S. leader in 401 plans. Headquartered in Des Moines, Iowa, the...
. Westpac acquired BT from Principal in October 2002.
As at 30 September 2007, BT managed and administered over $85 billion in funds.
BT's investment arm was floated as a separate company, BT Investment Management, in October 2007