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Showing 1 - 10 of 233 results for "Corporate Trust"

Perpetual global head of distribution exits

ELIZABETH FRY  |  FRIDAY, 19 JUL 2024
... eliminate Quaife's role and streamline distribution is not a complete surprise, given the sale of Perpetual's corporate trust and wealth businesses to KKR. He noted that other fund managers are also looking to devolve the global sales role to ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... integration of Clime products into Infocus' platform. Clime bought Madison four years ago from OneVue, now Certane Corporate Trust, for about $4.5 million. At that time, it had 103 active advisers. As of last Thursday, the ASIC Financial Adviser ...

Morningstar unsure if KKR's Perpetual bid benefits shareholders

ANDREW MCKEAN  |  THURSDAY, 9 MAY 2024
... estimate of $26 per share for Perpetual stock, even after KKR confirmed it will buy its wealth management and corporate trust businesses yesterday. Morningstar analyst Shaun Ler said KKR's proposed acquisition of Perpetual's wealth management and corporate ...

Perpetual seals $2.18bn deal with KKR, chief to retire

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perpetual 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. The net proceeds ...

Perpetual confirms KKR acquisition talk

JAMIE WILLIAMSON  |  MONDAY, 29 APR 2024
... trading halt, Perpetual this morning confirmed it is in exclusive discussions with KKR over the acquisition of its Corporate Trust and Wealth Management arms. Over the weekend, the AFR reported KKR is set to acquire the business units, saying Perpetual ...

MSC Certane wins Suncorp mandate

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... considerable experience in acting as trustee for debt securities. Our recent merger with Certane CT combines substantive corporate trust experience and capability. We currently act as trustee for over $5 billion in corporate notes, debentures and bonds," ...

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... lower redemptions," Morningstar said. "Additionally, we anticipate improved flows for both wealth management and corporate trust with stabilising interest rates and potential improvements in macroeconomic conditions. Both businesses face less competitive ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
Financial advisers must be mindful of the "legal uncertainty" that exists when applying the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA). AFCA senior ombudsman Alex ...

MSC Trustees nabs Equity Trustees general manager

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... Thornton and BDO Nelson Parkhill. "We are delighted to welcome Kylie to MSC Trustees as an accomplished leader in our corporate trust industry," MSC Group managing director Matthew Fletcher said. "She brings expertise in business development, client ...

Perpetual profit, operating revenue lifts

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... $657.8 million, an increase of 69% on 1H23, thanks to Pendal Group's full six-month contribution, growth in corporate trust, and increased non-market wealth management revenues. Accordingly, the board has determined to pay an interim dividend of ...
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