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Perpetual Charts Leaner Future After $500M Wealth Management Sale
9:18am on Wednesday 6th of May, 2026 AEST
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Financial Services
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Perpetual Charts Leaner Future After $500M Wealth Management Sale
9:18am on Wednesday 6th of May, 2026 AEST
Key Points
Wealth Management sale to Bain Capital for $500 million upfront
Completion expected in Q4 2026 pending regulatory approvals
Post-sale focus on Asset Management and Corporate Trust divisions
Simplification Program targets $70–80 million annual cost savings by FY27
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