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Showing 21 - 30 of 270 results for "Corporate Trust"

Perpetual appoints demerger specialist

ELIZABETH FRY  |  THURSDAY, 6 MAR 2025
... 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 ...

Perpetual profits dented after KKR deal goes up in smoke

ANDREW MCKEAN  |  THURSDAY, 27 FEB 2025
... by higher assets under management (AUM) in asset management and continued growth in its wealth management and corporate trust businesses. The company's operating revenue for the year was $686.2 million, an increase of 4% on the prior corresponding ...

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
Perpetual has ended KKR's courtship of its wealth management and corporate trust operations, blaming the massive tax bill the transaction would incur, saying there was no way of getting around it. Since tabulating the tax implications last December ...

Perpetual receives fresh KKR bid

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
Perpetual confirmed it has received a fresh bid from KKR for the acquisition of its wealth management and corporate trustees businesses, after the deal sat on the backburner for two months. Perpetual said it was considering the revised offer, but did ...

Perpetual delivers 'mixed' performance in Q2

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... also impacted by a decline in global and US value indices over the quarter, as well as net outflows," he said. "Corporate Trust delivered solid growth in funds under administration (FUA) totalling 2.5%, supported by growth across the majority of products ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
The proposed acquisition of Perpetual's wealth management and corporate trustees' businesses by Kohlberg Kravis Roberts (KKR) has been deemed not in the best interests of shareholders. An independent expert informed the wealth manager that the risk ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
... (ATO) is threatening to impose a massive tax bill on KKR's takeover of Perpetual's wealth management and corporate trust businesses, which has ballooned to more than $500 million. Perpetual said it has "strong grounds to dispute" the ATO's ...

MSC Trustees names general manager

ELIZABETH FRY  |  MONDAY, 2 DEC 2024
... specialises in responsible entity and fund trusteeship services - has appointed Chris Morpeth as the general manager of corporate trust and custody. The appointment follows MSC Group's acquisition of Certane CT on 12 January 2024, formerly Australian ...

Perpetual reveals new leadership structure

JAMIE WILLIAMSON  |  FRIDAY, 8 NOV 2024
... As it gears up to become a standalone asset management business following the sale of its wealth management and corporate trust operations to KKR, Perpetual is consolidating its international leadership team and moving to an international and domestic ...

KKR nabs JP Morgan sales manager

ELIZABETH FRY  |  TUESDAY, 29 OCT 2024
... business development for Australia and New Zealand. KKR is set to acquire Perpetual's wealth management and corporate trust businesses for $2.18 billion.