BT (Bankers Trust) was formed as the Australian subsidiary of Bankers Trust Company of New York in 1969. Deutsche Bank and The Principal Financial Group previously owned BT. In 2002 Australias Westpac Bank acquired BT from Principal.
Today, over $85 billion in funds are managed and administered by BT. BTs core business is providing insurance options, investment, financial advice, superannuation and retirement income products.