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Showing 21 - 30 of 275 results for "Corporate Trust"

Perpetual mulls tie up with Partners Group

KARREN VERGARA  |  TUESDAY, 10 JUN 2025
... 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 ...

Nearly $9bn leaves Perpetual

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... 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 ...

Global investor services group enters Australia

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... 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 to build digital wholesale term deposit marketplace

JAMIE WILLIAMSON  |  TUESDAY, 8 APR 2025
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 ...

IAM mandate grows to $130m

KARREN VERGARA  |  MONDAY, 10 MAR 2025
... 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 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 ...