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The super fund has confirmed a replacement to an outgoing director. Rest has announced the appointment of experienced investment management executive Michael Bargholz as a new director on its board.
Australian fund manager Pendal Group, parent company of JO Hambro, has accepted an A$2.5bn (£1.5bn) takeover offer from rival firm Perpetual.
Perpetual Limited will acquire Pendal Group to create a multi-boutique player with $140 billion in assets under management globally.
Perpetual will acquire Pendal Group to create a multiboutique player with $140 billion in assets under management globally.
Two fierce rivals of Australia’s funds management, Perpetual and Pendal Group, are going to have to bury the hatchet.