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Showing 1 - 10 of 243 results for "Corporate Trust"

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.

IAM announces new product, appointment

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... material costs out and simplification within IAM following the execution of the recent agreement with Perpetual Corporate Trust. This raising was necessary to provide IAM with the balance sheet to focus on growing revenues and scaling the business." ...

Colonial First State hires PE head, farewells sales exec

ELIZABETH FRY  |  FRIDAY, 27 SEP 2024
... 55% of CFS which it acquired from Commonwealth Bank of Australia. Incidentally, KKR is also set to acquire the corporate trust and wealth divisions of ASX-listed Perpetual in a $2 billion deal set to be finalised next year. An executive director when ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... at $206.1 million, up 26% on FY23. Perpetual attributed this to stronger earnings in its wealth management and corporate trust arms, which are being offloaded to KKR. The wealth management division saw underlying profit before tax (UPBT) of $54 million ...

Perpetual names new chief executive

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... October 1, when he goes on gardening leave and continues to work with the board to complete the sale of Perpetual Corporate Trust and the wealth management unit that will overhaul the firm into a standalone asset manager. Kohlberg Kravis Roberts (KKR) ...

Positives remain at Perpetual, says Morningstar

JAMIE WILLIAMSON  |  THURSDAY, 25 JUL 2024
... costs, seek out higher-margin clients, and achieve a strong outcome from the sale of the wealth management and corporate trust capabilities to KKR. Morningstar has lowered its fair value estimate from $26 per share to $24.50 per share on the back of ...

Perpetual net outflows top nearly $9bn

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2024
... June 30, while more than $3 billion of new institutional money arrived in the September quarter. Perpetual's Corporate Trust business had funds under administration (FUA) reach over $1.2 trillion as at June 30. The wealth management division's ...
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