BT Financial Group
BT Financial Group’s history of combining and acquiring great heritage brands has ensured we have become one of Australia’s leading and expert wealth providers.The name BT Financial Group came from one of our group heritage brands, BT Funds Management. BT Funds Management was originally part of Bankers Trust Australia which opened its doors in 1969 and is considered one of the pioneers of the Australian funds management industry.
Bankers Trust was formed in 1903 in New York, and was sold to Deutsche Bank in 1998. In 1999 the Bankers Trust Australian division was sold to the US-based Principal Financial Group, who sold the asset management part, BT Funds Management, to the Westpac Banking Corporation in 2002. Westpac combined BT Funds Management with its previous wealth acquisition - the Rothschild asset management business - and its own Financial Services operations, to form an expanded wealth management division of Westpac - BT Financial Group (BTFG).