BT Financial Group

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Coordinates: 33°51′59″S 151°12′15″E / 33.866318°S 151.204190°E / -33.866318; 151.204190

BT Financial Group
Subsidiary of Westpac
Industry Wealth management
Area served
Australia, New Zealand
Products Managed investments, insurance, superannuation, brokering.
Website www.bt.com.au

BT Financial Group is a financial services company based in the Westpac Place at 275 Kent Street 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[edit]

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 275 Kent Street, 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[edit]

  1. ^ Note that the Wikipedpia entry for Banker's Trust confuses the two companies, as they were both owned by Deutsche Bank at different times
  2. ^ Westpac Website: http://www.westpac.com.au/internet/publish.nsf/Content/PBIS+Westpac+and+BT
  3. ^ BT Website: http://www.bt.com.au/
  4. ^ 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/

External links[edit]