For Steve Tucker and his business partner Paul Heath the Western Australian market they bought into probably looks a world away from the Perth scene they left in the early 1990s to make their way to the very top of the financial services ladder.
Euroz has flagged an $8 million hit to its earnings after pulling out of its 80 per cent-owned Prodigy Investment Partners joint venture, which had underperformed in recent years.
Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.
Perth broker Euroz Limited has more than doubled its annual net profit to $26.5 million, after the acquisition of Blackswan Equities lifted its profit guidance for the financial year.
Perth-based stockbroker Euroz has appointed former MLC chief executive Steve Tucker to head up a new funds management subsidiary as the company eyes opportunities in the listed investment company sector.
