Ord Minnett
Financial services organisation From Wikipedia, the free encyclopedia
Ord Minnett is an Australian wealth management company.
| Industry | Financial services |
|---|---|
| Founded | 1951 |
| Founder | Charles Ord Jack Minnett |
| Headquarters | , Australia |
Key people | Karl Morris (Managing Director) |
| Services | Stockbroking |
| Website | www.ords.com.au |
History
Ord Minnett was founded in 1951 by Charles Ord and Jack Minnett.[1] In 1969, Bankers Trust and Ord Minnett formed BT-Ord, a merchant bank with Ord Minnett having a 60% shareholding. Ord Minnett sold out to Bankers Trust in 1972.[2]
Westpac purchased a 50% shareholding in July 1984, before exercising an option to take full ownership in April 1987.[3][4][5] Westpac sold out in August 1993, with Jardine Fleming and staff each owning 50%.[2][6][7] Australian Wealth Management purchased a 70% shareholding in May 2008 with JPMorgan Chase, that had purchased Jardine Fleming, retaining 30%. In September 2019 Ord Minnett was sold in a management buyout.[8][9][10]
References
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