BT Investment Expects No Immediate Change After UK Referendum
27 June 2016 - 10:46AM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Wealth manager BT Investment Management
Ltd. (BTT.AU) said Monday there would be no immediate change to the
way its U.K. business manages funds or to its structure in the wake
of Britain's vote to exit the European Union.
The company's JO Hambro Capital Management unit, which at the
end of March had GBP20.1 billion (US$27.5 billion) in funds under
management, is well positioned to respond to any changes that may
be required to service U.K. and European clients with the U.K.'s
withdrawal from the EU, BT Investment said.
In 2015, Westpac Banking Corp. (WBC.AU) reduced its stake in BT
Investment to about 31%.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
June 26, 2016 20:31 ET (00:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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