September 30

Ord Minnett completes successful management buyout with IOOF and J.P. Morgan

Ownership Restructure: 

Ord Minnett Management Buyout

In late September 2019, a domestic consortium of staff and private investors successfully completed the necessary management buy-out transactions with IOOF and J.P. Morgan - thereby taking 100% independent ownership of Ord Minnett Investments Limited. The domestic consortium was led by Karl Morris (current CEO and Managing Director).

This was a major milestone in Ords' corporate history and with our continued focus on client service and breadth of investment offering, this new phase provides evolving opportunities and enhances our competitive position within the financial sector.

Ord Minnett's culture is defined by its people and strengthened by our constant focus on improving the outcomes for clients and building synergies within the organisation. The strong investment made by staff under the recent Employee Share Offer is testament to the shared belief in the business and underpins Ord Minnett's future growth.

Ord Minnett's long standing arrangements with J.P. Morgan to access research and Australian capital raisings in the form of IPOs, placements and other corporate originations will remain in place to ensure Ord Minnett clients and key business areas maintain a competitive advantage.

We will continue to pursue new business opportunities unencumbered, investing in the future vision and business values of Ord Minnett.

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