Ord Minnett
| Company type | Private |
|---|---|
| Industry | Wealth management |
| Founded | 1951 |
| Founder | Charles Ord, Jack Minnett |
| Headquarters | Sydney , Australia |
Ord Minnett operates as a wealth management firm headquartered in Australia.
History
Charles Ord and Jack Minnett established the company in 1951. In 1969, Ord Minnett collaborated with Bankers Trust to create BT-Ord, a merchant banking entity in which Ord Minnett held a majority 60% interest. This stake was sold back to Bankers Trust in 1972.
In July 1984, Westpac acquired half ownership of the business and completed full acquisition by April 1987. Westpac then divested its interest in August 1993, transferring equal shares to Jardine Fleming and company personnel. Later, in May 2008, Australian Wealth Management (IOOF) obtained a 70% controlling interest, while JPMorgan Chase maintained the remaining 30%. A management buyout occurred in September 2019, resulting in IOOF and JPMorgan Chase exiting their ownership positions.