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Why Did IAM Sell Its $1.58B Term Deposit Business to Perpetual?
2:37pm on Wednesday 30th of July, 2025 AEST
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Financial Services
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Why Did IAM Sell Its $1.58B Term Deposit Business to Perpetual?
2:37pm on Wednesday 30th of July, 2025 AEST
Key Points
Sale of term deposit broking business to Perpetual Corporate Trust
Achieves $4 million in cost savings including removing a loss-making unit
Four IAM staff transition to Perpetual to maintain client relationships
Minimal impact on IAM’s core bond and loan offerings
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Income Asset Management (ASX:IAM)
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