FNZ exits private wealth player in management buyout

FNZ, the investment platform business backed by private capital bigwigs Singapore’s Temasek and Canada’s CPP Investments and La Caisse, is bidding farewell to Auckland-headquartered Paua Wealth Management. Paua’s management, led by co-founders Donna Nicolof and Chris Glackin, has acquired FNZ’s circa 25 per cent stake in the financial planning business,…