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(Reuters) - Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank's ongoing push to exit non-core businesses.
The country's third-largest lender also said it would merge its unit BT's personal and corporate pension funds with Mercer Super Trust, which is managed by Marsh & McLennan-backed Mercer Australia.
Westpac expects the deals to result in an after-tax gain of A$225 mill...
>>> Read more: Westpac to sell one financial advisory business, merge unit's funds with Mercer Super Trust
The country's third-largest lender also said it would merge its unit BT's personal and corporate pension funds with Mercer Super Trust, which is managed by Marsh & McLennan-backed Mercer Australia.
Westpac expects the deals to result in an after-tax gain of A$225 mill...
>>> Read more: Westpac to sell one financial advisory business, merge unit's funds with Mercer Super Trust
