News

Perpetual adviser business sale nears

Tuesday 2nd of October 2012

Perpetual recently announced the sale of its corporate trustee business, which made up about 20% of the company’s revenue, in a management buy-out.

Perpetual’s owner, NZX-listed financial firm Pyne Gould Corporation, is looking to sell the rest of Perpetual either as one unit or in chunks. In recent years the group has been building up its advisory business, recruiting advisers and acqui...

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