Our History

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BT has been helping Australians create and manage wealth since 1969 and today is one of Australia’s leading wealth managers with over $144 billion in funds under management and administration.

In 1976, Ord BT Ltd became fully owned by Bankers Trust Company (New York) and in 1978 Ord BT Ltd changed its name to BT Australia Ltd.

BT Asset Management Limited became BT Funds Management Limited in 1994, and in November 1998, Deutsche Bank announced a takeover bid for Bankers Trust Corporation. The following year, Deutsche Bank offered BT Funds Management for sale. The US-based Principal Financial Group acquired Bankers Trust Australia Group in August 1999, which included the funds management operations.

In 2002, Westpac acquired BT Financial Group from the Principal Financial Group. Westpac floated the investment management division (now known as BT Investment Management and listed on the ASX as BTT) in late 2007.

In 2008, as part of St. George’s merger with Westpac, the St.George wealth management business merged with BT Financial Group to form one of the largest wealth management businesses in Australia.

Today, BT joins these other well-known brands as part of the BT Financial Group:

  • Advance Investment Solutions
    • Ascalon
    • Licensee Select
    • Asgard
  • Securitor
  • BankSA Financial Planning
  • BT Investment Management
  • BT Select
  • St. George: Financial Planning, Insurance & Private Clients
  • Westpac: Financial Planning, Insurance & Private Bank
  • Bank of Melbourne Private: Financial Planning, Insurance & Private