The collaboration, a first for Perpetual, will enable clients from both brands to leverage the expertise offered in their respective core markets.
Perpetual Corporate Trust head of sales and relationship management Glen Dogan said Australia was an attractive market for many international investors looking to expand.
“Australia’s investment pool is significant by global standards and is expected to continue its solid growth, attracting many global managers to our market. At the same time, there is a shift among Australian investors towards global investing to balance overexposure to domestic equity and property assets,” he said.
Mr Dogan said he looked forward to helping FundRock’s European clients to expand into the Asia-Pacific region.
“We are looking forward to supporting FundRock’s clients to expand into Australia and also bringing this partnership to life in Asia, where we have a presence in Singapore,” said Mr Dogan.
FundRock is an independent fund company in Europe and has over $76 billion of assets under management.
It’s chief executive, Revel Wood, said he was attracted to Perpetual due to its reputation as a leading provider of services.
“We see this partnership as an opportunity to bring tangible benefits to our client bases and we are also looking forward to exploring the depth of this new partnership, including the development of combined product offerings.”
