One of the largest institutional shareholders of both Pendal and Perpetual has backed the strategic rationale of a tie-up as the asset managers confirmed they had restarted talks about a deal.
Washington H Soul Pattinson’s chief investment officer Brendan O’Dea oversees the $10 billion listed investment company, which is a top 20 shareholder of Pendal and Perpetual, two of the nation’s oldest fund managers.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
