Perpetual small-cap manager, Jack Collopy, is to depart the asset manager after more than 20 years and the firm has appointed two co-portfolio managers to take over.
Pendal is expected to be de-listed from the Australian Securities Exchange on Tuesday after being acquired by rival Perpetual, creating a massive new player in financial services.
The success of Perpetual’s offer for rival Pendal Group is far from certain, and the fate of their high-profile investment teams are just one wild card.