Street Talk

ANZ Bank's online broker leads divestment charge

Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Jun 20, 2016 – 12.15am

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ANZ Banking Group's online broking arm, the former E*TRADE Australia, is set to be first cab off the rank in its local divestment plans.

Street Talk understands the newly named ANZ Share Investing will be the first unit cut loose as part of a broader 2016 review of the wealth unit. Advisers on the auction may be appointed in coming weeks.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services.