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Scale the 'only thing' that will allow asset managers to survive

Pendal shareholders voted in favour of a takeover by rival funds manager Perpetual on Friday, in a deal which will see the combined firm become one of the largest ASX-listed asset managers.

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JP Morgan Asia Growth & Income chair to retire next year

Chair of the JP Morgan Asia Growth & Income Bronwyn Curtis is stepping from her role next year.

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Perpetual invites Pendal directors to join board of combined group

The appointments will become effective only once Perpetual’s acquisition of Pendal has been completed. Perpetual has announced that, as part of its proposed acquisition of Pendal, it has invited up

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Perpetual welcomes Pendal board members

As part of its proposed acquisition plan, Perpetual Asset Management has welcomed Pendal Group non-executive directors Christopher Jones, Kathryn Matthews and Ben Heap to its board

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ASX LIVE: Australian shares to fall; Westpac ends talks with Tyro

Australian shares open 0.7pc lower; Tyro rejects revised Potentia bid; St Barbara merges with Genesis; Endeavour buy raises competition concerns; Nitro backs new Alludo bid. Follow updates here.

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