Australia $138 Billion Wealth Manager Perpetual Enters into Exclusive Talks with Private Equity Firm KKR for Sale of Corporate Trust & Wealth Management Business, KKR Has Exclusivity Till 7th May 2024
3rd May 2024 | Hong Kong
Australia wealth manager Perpetual with $138 billion AUM (AUD 210 billion, Assets under Management) has entered into an exclusive talks with private equity firm KKR for the sale of Perpetual corporate trust & wealth management business. KKR has exclusivity to buy Perpetual corporate trust & wealth management business till 7th May 2024. Perpetual Group – Perpetual Group is a diversified financial services company which has been serving Australians since 1886 when it was established as a trustee company by a group of businessmen including Sir Edmund Barton, later to be Australia’s first Prime Minister. ASX-listed company (ASX:PPT) headquartered in Sydney, Australia, providing asset management, private wealth and trustee services to local and international clients. Our operations span Australia, Asia, Europe, United Kingdom and the United States. The recent acquisition of Pendal Group brings together two of Australia’s most respected active asset management brands to create a global leader in multi-boutique asset management with approximately A$210 billion in assets under management. Perpetual owns leading asset management brands including Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW. Our wealth management businesses include Fordham, Jacaranda Financial Planning and Priority Life. While our corporate trust business includes Laminar Capital.
“ Australia $138 Billion Wealth Manager Perpetual Enters into Exclusive Talks with Private Equity Firm KKR for Sale of Corporate Trust & Wealth Management Business, KKR Has Exclusivity Till 7th May 2024 “
Australia $138 Billion Wealth Manager Perpetual Enters into Exclusive Talks with Private Equity Firm KKR for Sale of Corporate Trust & Wealth Management Business, KKR Has Exclusivity Till 7th May 2024
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