WebMay 19, 2024 · Westpac Banking Corp The Westpac share price is down 4% to $23.38. As with Pendal, the majority of this decline is attributable to the banking giant’s trading ex … WebWestpac sold its remaining stake in 2024, but remains an important client for Pendal. These sell-downs provided increased size and diversity of the company’s shareholder base, an …
Westpac exits Pendal - InvestorDaily
WebJun 17, 2024 · Westpac Banking Corp said on Thursday it has agreed to sell its remaining 9.5% stake in fund operator Pendal Group Ltd to institutional … WebMay 6, 2024 · Westpac, showing great prescience, floated BT Investment Management away from BT Financial Group (the multi-manager and distribution arm) in 2007. It’s that separately listed entity, now known as Pendal Group, which is just 10 per cent owned by Westpac. The bank has indicated its intention to exit the stock altogether. cc ui goku
Pendal Annual Report 2024 Financial Performance
WebAdditionally, Westpac outflows totalled $2.6 billion due to the ongoing run-off of the legacy book as well as further transitioning of corporate superannuation portfolios during the year. ... Pendal’s investment … WebJun 18, 2024 · Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening, was priced at $5.98 per share (a 4% discount to Wednesday's closing price of $6.23) for ... WebApr 27, 2024 · We announced in March this year our intention to change the Company name to Pendal Group Limited. The BT name and Westpac have been very important parts of our history. Over the ten years since being spun out of Westpac, we have evolved from a domestically focused funds management business to a global funds management … ccu new jersey