IN LINE with our previous communications, today marks the official union of two of Australia’s leading asset managers, Pendal and Perpetual.
Last August we announced plans to create Australia’s pre-eminent global asset manager — with approximately $200 billion of FUM and clients benefitting from greater scale in customer service, distribution, technology, infrastructure and ESG leadership.
The process over the past few months was to seek approval from shareholders and regulators around the world. This has now been achieved.
Pendal and Perpetual have been built on the concept of investment autonomy, so clearly there are no changes to the way our investment teams look after your assets.
However, we now gain access to deeper, more diverse coverage from a global network of investment and ESG experts across the United States, UK, Europe, Singapore and Australia.
There will be no change to your relationship with Pendal and we will continue to manage your investments to the best of our ability, as we have always done.
I warmly thank you for your support and trust. Please do not hesitate to call or contact your Pendal account manager
In the meantime, I encourage you to watch the video below from Perpetual CEO & Managing Director Rob Adams.