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Asset managers turn to mergers to deliver for shareholders

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To many, Perpetual chief Rob Adams might best be described as the seasoned funds management executive, fighting challenging industry dynamics by diversifying and growing.

But to some within the straight-talking sector, which dissects people and companies for a living, he is more frequently described as a deal junkie with a talent for acquiring businesses in decline, and assets that can walk out the door.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@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
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

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    Original URL: https://www.afr.com/link/follow-20180101-p5abzm