Business
Ares’ AMP move was months in the making – The Australian Financial Review
Ares has been watching AMP as a possible deal – designed to build on its push into Asia Pacific – since earlier this year.
The wealth management group’s ambitions clearly do not stop there.
Within days of the quarterly update, The Australian Financial Review’s Street Talk column had broken the news that Ares, based in Los Angeles and founded by former bond traders, was in talks to buy AMP.
Ares has been watching AMP as a possible deal designed to build on its push into Asia Pacific since earlier this year.
It was eyeing the embattled wealth manager even before Arougheti met with John Knox, a former Credit Suisse Australia…
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