31 July 2009

Mallesons has advised National Australia Bank (NAB) on a private wealth management alliance with Goldman Sachs JBWere (GSJBW).

The strategic alliance will see NAB acquire 80 per cent of GSJBW’s private wealth management business in Australia and New Zealand, to be branded JBWere.

The legal work for NAB was completed by a Mallesons team led by Melbourne M&A Partners Craig Semple, Diana Nicholson and Jonathan Hamer. The team advised on the acquisition of the interest in JBWere, arrangements regarding the ongoing conduct of the strategic alliance and financial regulatory matters.

“This was a complex deal, relying on M&A, Regulatory, Intellectual Property and Workplace & Employee Relations expertise across the firm,” Mr Semple said.

“It was great to be involved in such a significant transaction that brings together two important Melbourne business names - NAB and JBWere,” he said.

The strategic alliance follows NAB’s recent $2 billion placement, on which Mallesons also advised the Bank.

More information:

Aleks Czerwinski, Communications Consultant

+61 2 9296-3703 or + 61 411 350 611

Recent Awards

Australian Law Firm of the Year - Who’s Who Legal 2009

Deal Team of the Year - M&A - ALB Awards 2009

Best Large Professional Services Firm - BRW Client Choice Awards 2009

Best Large Law Firm - BRW Client Choice Awards 2009

Law Firm of the Year (Australia) - PLC Which lawyer? Global Awards 2009

National and Regional Law Firm of the Year- IFLR Asia Awards 2009

Best Financial Law Firm - Finance Asia Awards 2008

Corporate Legal Services Firm of the Year - CFO Awards 2008

Best Private Business - ANZ-BRW Private Business Awards 2008

Client Choice Award: Australia - International Law Office Awards 2008