Australian Ethical's Acquisition of Altius Asset Management

Australian Ethical Investment Limited (ASX:AEF) successfully completed the acquisition of Altius Asset Management from Australian Unity on 25 September 2024. The acquisition is a significant step in Australian Ethical's growth strategy, enhancing its fixed-income investment capability and reinforcing its commitment to responsible investing.

Executive Commentary on Acquisition

Australian Ethical CEO, John McMurdo, expressed the importance of the acquisition, stating, 'The acquisition of Altius Asset Management is an important step in the successful execution of the Australian Ethical growth strategy.' He further highlighted the value of Altius as a purpose-driven fixed-income manager, emphasizing the potential to deliver sound investment returns while contributing to a better future for society and the environment. Additionally, Altius's Co-founder and Chief Investment Officer, Bill Bovingdon, conveyed excitement about the opportunities arising from joining Australian Ethical, foreseeing the combination of expertise in responsible fixed income with Australian Ethical's ethical heritage as a means to deepen client relationships and support further growth.

Summary of Acquisition and Outlook

Australian Ethical Investment Limited (ASX:AEF) has successfully completed the acquisition of Altius Asset Management, marking a significant milestone in its growth strategy. The acquisition is expected to enhance Australian Ethical's fixed-income investment capability, allowing the company to offer a broader range of responsible investment options to its clients. The integration of Altius's team is anticipated to strengthen client relationships and support further growth, aligning with Australian Ethical's commitment to delivering long-term, risk-adjusted returns while upholding ethical values. This strategic move reflects Australian Ethical's dedication to shaping a better future for people, planet, and animals, in line with its ethical charter and vision.