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‘They never schmoozed’: How BT broke funds management

‘They never schmoozed’: How BT broke funds management

With BT Australia’s successor Pendal to be taken over, founder Chris Corrigan, Olev Rahn and Kerr Neilson recall the golden days of the investment powerhouse.

The final chapter appears to have opened for embattled investment firm Pendal, which confirmed last month that it was in takeover talks with larger rival Perpetual.

It might be a somewhat ignominious end for BT Australia, the formidable funds management and investment banking powerhouse that dominated the Australian financial scene for decades, before the collapse of its US parent, Bankers Trust Corporation, resulted in its dismemberment.

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Karen Maley
Karen MaleyColumnistJill Margo was a senior writer at The Australian Financial Review.

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Original URL: https://www.afr.com/companies/financial-services/the-long-running-bt-australia-saga-reaches-its-final-chapter-20220727-p5b4y0