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 |
Ord Minnett is an Australian wealth management company.
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]
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