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| | | ... will keep the market updated, in line with its continuous disclosure obligations," the group said. Lastly, the corporate trust business saw total FUA grow to $1.29 trillion, up 1.2% on the June quarter. |
| | | | ... costs, in the first quarter of 2025, IAM externalised its administration and custody for client assets to Perpetual Corporate Trust (PCT), migrating the bulk of its clients' assets across. IAM owns Trustees Australia Limited (TAL), a trustee business ... |
| | | | Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ... |
| | | | Perpetual Corporate Trust (PCT) has acquired Income Asset Management's (IAM) term deposit broking business, which has nearly $1.6 billion in client funds. Given that Perpetual's subsidiary has more than $8 billion in deposit and fixed income ... |
| | | | ... stakeholders," Scott said. In February, Perpetual called off KKR's courtship of its wealth management and corporate trust operations and spinning out its asset management business. Perpetual chief executive and managing director Bernard Reilly said ... |
| | | | ... total AUM dropped by 4% from the $230.2 billion reported at the end of 2024. On a brighter note, Perpetual's corporate trust business' total funds under administration (FUA) grew to $1.26 trillion, up 1.1% on the December quarter. The wealth ... |
| | | | ... investor services firm IQ-EQ has entered the Australian market with the acquisition of AMAL Group - a provider of corporate trust, agency services and loan servicing solutions. The strategic acquisition of AMAL Group includes AMAL Asset Management, AMAL ... |
| | | | Perpetual Corporate Trust will begin operating a digital marketplace offering debt instruments, kicking off with wholesale term deposits. The Corporate Trust business has been granted a market license in Australia enabling it develop a fully electronic ... |
| | | | ... target investors wanting direct investments to replace their maturing listed hybrids. Last October, Perpetual Corporate Trust (PCT) was picked to be IAM's settlement, middle office and custody partner to take care of 2000 client accounts and $2 billion ... |
| | | | ... Perpetual five months ago as a separation specialist when Perpetual was about to divest its wealth management and corporate trust businesses to KKR. While the deal was nixed last month for tax reasons, Perpetual chief executive Bernard Reilly said news ... |
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