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UBS pops up in Heritage, People’s Choice bank merger

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It’s a long way from Toowoomba to Adelaide and it appears that somewhere in the middle is Switzerland.

Swiss bank UBS is understood to be helping Toowomba’s Heritage Bank and Adelaide-based People’s Choice with their joint attempt to create the country’s biggest customer-owned bank.

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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. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/street-talk/ubs-pops-up-in-heritage-people-s-choice-bank-merger-20210819-p58k5p