Australia and New Zealand Banking Group Limited (ASX:ANZ) has put the its wealth arm up for sale. An information memorandum for ANZ Banking Group's wealth unit may be five weeks away, but suitors are well and truly gearing up for the auction. Zurich Insurance Group AG (SWX:ZURN) along with Aia is interested in asset.

Zurich Insurance Group is in late stage talks with Credit Suisse to assist in its tilt at ANZ Wealth, while Deutsche Bank is in pole position to advise AIA Group Limited (SEHK:1299). AMP Limited (ASX:AMP)'s long standing adviser UBS is on hand to help the company examine the ANZ assets, as flagged by this column. Other potential buyers include MS&AD Insurance Group Holdings, Inc. (TSE:8725), Meiji Yasuda Life Insurance Company and Dai-ichi Life Holdings, Inc. MetLife, Inc. (NYSE:MET) will also run a ruler over the assets.

Goldman Sachs is running the auction on behalf of ANZ Bank.