Fund manager Perpetual extends losses after head of equities steps down

Great China Holdings Hong Kong

21/11/2022 03:45

** Shares of Australian fund manager Perpetual Ltd  PPT.AX 
extends losses into fourth session in a row, down 2.2% at
A$26.32
    ** PPT says head of equities, Paul Skamvougeras, decided to
step down from the role
    ** Announces promotion of Vince Pezzullo to the role within
Perpetual Asset Management Australia
    ** Stock lost 22.6% last week, after an Australian court
said Pendal Group  PDL.AX  could enforce PPT to honour their
A$2.34 bln ($2.34 bln) deal
    ** 292,000 shares change hands, compared with the 30-day
average volume of 141,000 shares
    ** PPT down 25.2% this year, as of last close
($1 = $1.0000)
 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))