Perpetual seals $2.18bn deal with KKR, chief to retireBY ANDREW MCKEAN | WEDNESDAY, 8 MAY 2024 12:42PMPerpetual has agreed to divest its wealth management and corporate trust businesses to Kohlberg Kravis Roberts (KKR) for $2.18 billion, pending shareholder approval. The deal will see the departure of Perpetual chief executive Rob Adams. Related News |
Editor's Choice
Former industry fund chief in new role
Prime Value Asset Management has named former Prime Super chief executive Lachlan Baird as its new finance chief.
ECB cuts rates for second time
The European Central Bank (ECB) dropped interest rates to 3.5%, the second time it's cut by 0.25% this year.
Future Fund restructures investment leadership
The Future Fund says it is restructuring its investment team to meet the shifting dynamics of the current environment.
Managers struggle to secure positive net flows in FY24
A minority of investment managers have had positive net flows over the past year, according to Rainmaker Information.
Further Reading
Products
Featured Profile
Daniel Farmer
CHIEF INVESTMENT OFFICER
MLC ASSET MANAGEMENT PTY LIMITED
MLC ASSET MANAGEMENT PTY LIMITED
Dan Farmer has been chief investment officer of MLC Asset Management for a little over two years now, and after spending 17 years at TelstraSuper and 12 years with IOOF, it's safe to say he's in it for the long haul. Eliza Bavin writes.