BT Financial Group
Coordinates: 33°51′59″S 151°12′15″E / 33.866318°S 151.204190°E
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| Subsidiary of Westpac | |
| Industry | Wealth management |
| Fate | acquired by Westpac |
| Founded | 1969 |
| Headquarters | Sydney, Australia |
Area served | Australia, New Zealand |
| Products | Managed investments, insurance, superannuation, brokering. |
| Parent | Westpac |
| Website | www.bt.com.au |
BT Financial Group is a financial services company based at Tower Two, International Towers Sydney in Sydney, 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.
BT has been granted a MySuper authority, enabling it to continue to receive default superannuation contribution from 1 Jan 2014.
History
BT was formed as Banker's Trust (the Australian subsidiary of Bankers Trust Company of New York [1]) in 1969. It has previously been owned by Deutsche Bank and Principal Financial Group. Westpac acquired BT from Principal in October 2002.[2] BT financial main offices are located at Tower 2 Barangaroo, Sydney Australia.
As at 30 September 2007, BT managed and administered over $85 billion in funds.[3]
BT's investment arm was floated as a separate company, BT Investment Management, in October 2007[4]
References
- ↑ Note that the Wikipedia entry for Banker's Trust confuses the two companies, as they were both owned by Deutsche Bank at different times
- ↑ Westpac Website: https://www.westpac.com.au/about-westpac/westpac-group/company-overview/our-businesses/
- ↑ BT Website: http://www.bt.com.au/
- ↑ Money Management e-zine: http://www.moneymanagement.com.au/Articles/Westpac-to-float-BT_0c04f2af.html
BT Investment Management website: http://www.btim.com.au/