The 10 largest investment companies in Australia and New Zealand, ranked by revenue, according to reports by the Australian Financial Review, Forbes Magazine, and the Corporate Finance Institute.
1. Commonwealth Bank of Australia
The Commonwealth Bank of Australia is headquartered in Sydney and provides a range of financial services, including retail and corporate banking, brokering services, and personal investment and wealth management, to clients in Australia, New Zealand, the United Kingdom, the United States, Japan, Singapore, Malta, Hong Kong, Grand Cayman, Fiji, Indonesia, China and Vietnam. Commonwealth Bank reported net revenue of $9.23 billion. It is the only large Australian banking house to experience net profits in excess of $1mn, recording net growth of over $150mn year on year.
2. Westpac Banking Group
The Westpac Banking Group is headquartered in Sydney, Australia. Founded in 1817, it is the oldest company in the country. Westpac provides banking and financial services, including investment and wealth management, to over 13milion customers. Westpac reported net revenue of $ 8.095 billion.
3. Australia New Zealand Bank (ANZ)
With headquarters in Docklands, Australia, Australia New Zealand Bank (ANZ) operates and owns a range of retail banking holdings across Australia, New Zealand, and the wider Asia Pacific Region. It also operates in the United Kingdom and the United States, according to Forbes. Additionally, the bank provides financial services, including investment, superannuation, insurance products and services through its global wealth and private banking division. The company reported net revenue of $26.53bn.
4. National Australia Bank
The National Australia Bank (NAB) is headquartered in Melbourne and provides comprehensive banking and financial services in Australia, New Zealand, the United Kingdom, and Asia. The bank’s investment services are offered through a range of holdings, including international shares, managed funds, and bonds with NAB trade. National Australia Bank reported net revenue of 1,910.1 crores AUD.
5. Macquarie Group Ltd
The Macquarie Group Ltd. provides global financial services, including advisory and capital markets, trading and hedging, funds management, asset finance, financing, research, principal investment, as well as retail financial services, according to Forbes. The company is headquartered in Sydney, Australia and employs 13,500 members of staff. The Macquarie Group reported net revenue of $10.56bn.
6. AMP Bank Ltd
AMP Bank Ltd operates various financial services associated with a banking house headquartered in Sydney. As well as serving an average of over 5mn retail customers and 400 institutional clients within Australia and New Zealand, AMP operates as one of the largest independent wealth management companies in the region. The company engages in the provision of insurance, pensions, fund management, banking, and related personal financial services, according to Forbes. AMP reported net revenue of $9.74bn.
7. Scentre Group
Based in Sydney, the Scentre Group was founded in 2014 and has since grown to employ over 42,000 people. The company partially owns and operates holdings in Westfield branded shopping centers in Australia and New Zealand, according to Forbes. Scentre reported net revenue of $1.87bn.
8. Australian Unity
Headquartered in Brisbane’s financial district, Australian Unity provides personal investment services and financial planning, in addition to trust management, corporate financial services, and a range of insurance coverage. The company manages client holdings in secure investments to create long-term-focused financial support plans. Australian Unity reported net revenue of $1.21bn.
9. CMV Group
Initially started with only staff of five, the CMV Group now owns and operates substantial holdings in the automotive sales and agribusiness sectors. Based in Victoria and South Australia. CMV reported a new revenue of $830mn. CMV Group also operates a charitable trust which returns distributable profits back into the local community.
10. Perron Group Ltd
Perron Group is based in Perth, Australia. The locally-owned PLC provides investment services, specializing in the commercial property, automotive distribution, and retail sectors, as well as providing administrative and management services for its holdings. The Perron Group’s investment services are operated through the Perron Investments sub-segment, which reported net revenue of $409.7mn.