The fully-owned subsidiary of Switzerland's EFG International has acquired a New Zealand-based wealth management business.

Shaw and Partners Financial Services, the Sydney-based subsidiary of Zurich-listed EFG International, has agreed to buy a 75 per cent stake in New Zealand-based Investment Services Group (ISG) for NZ$67.5 million ($40.7 million). The transaction is subject to regulatory approval, EFG said in a statement yesterday. 

The move formally takes Shaw and Partners into the New Zealand market for the first time.

Operating from Auckland, ISG has more than NZ$7 billion in assets across its wealth management, funds management, and investment platform divisions. It has offices in Takpuna as well as Auckland, and regional offices in the North and South Islands of New Zealand.

The ISG business will report to Shaw and Partners’ Australian CEO, Earl Evans. 

Earlier in 2025, ESG agreed to acquire Swiss private bank Cité Gestion with about SFr7.5 billion ($9.03 billion) of assets under management, to bolster its position in the home market. Cité Gestion will be an independent entity, retaining its name, governance, and teams. The transaction is expected to close in the second half of 2025, subject to regulatory approval, EFG said in February.