When one company buys another, the easiest synergy to achieve is usually a reduction in office expenses, achieved by smooshing everyone together.
Now, it’s true that 22 months after being bought out by funds management icon Perpetual, one-time rival Pendal is moving offices. But not, funnily enough, into Perpetual’s.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
