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Accountancy giant Grant Thornton has sold its private wealth business in Australia to its senior team members for an undisclosed sum.
The senior team, consisting of Jon Black, Joanne Kenderes and Laura Perresini are the majority owner of Oreana Private, part of Australian and Hong Kong-based firm Oreana Financial Group.
They will be joined by a number of Grant Thornton employees, to ensure continuity of client relationships.
The private wealth team provides specialist wealth advisory services to high net worth individuals and family offices. In addition, the clients of the private wealth team will continue to engage with Grant Thornton for a wide variety of other services.