Perpetual has been questioned by analysts on whether its KKR deal is best for shareholders and if it can be undone given the lack of growth it has delivered to the company’s share price.
Fidelity International will see its managing director for Australia depart this month, with the firm having found a new successor internally to take on the position.
Australian Ethical has reported 80 per cent growth in its FY24 statutory net profit after tax, with its board set to welcome Pendal’s former CEO next month.
Platinum has announced it will partner with global institutional managers to help boost their retail presence as part of its new growth strategy, as well as reporting a 44 per cent NPAT drop.
Alternative asset manager Longreach Alternatives is launching a specialised distribution and advisory unit to meet the rising demand for alternative investment strategies.
Acting Pacific Current chief executive Michael Clarke has shot down claims that the firm is on a wind-up path after multiple divestments but says there will likely be further actions to come.
