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Trillium Asset Management to be acquired by Perpetual

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An Australian investment advice company is to buy Boston-based, employee-owned environmental, social and governance (ESG) advisory investment firm Trillium Asset Management.

The acquisition is planned to spur the growth of Trillium, which says it manages over $3bn (€2.7bn) of assets.

Perpetual is a financial services company offering funds management, financial advisory, and trustee services.

Expansion

The Australian financial services firm will leverage its capabilities to bring Trillium’s ESG-focused products to a broader investor base in Australia and plans to expand into new markets across Asia Pacific, Middle East and Europe.

Trillium will continue to operate under its brand with no changes to its team, investment process or advocacy initiatives.

Rob Adams, chief executive and managing director at Perpetual, said: “By preserving [Trillium’s] autonomy and structure […], we see a compelling opportunity to extend their reach into new markets supported by our distribution capability.”

Commenting on the agreement, Matthew Patsky, chief executive and portfolio manager at Trillium, said: “This transaction will provide us with additional resources that we can use to better meet the evolving expectations of our clients, shareholders, employees and the broader community.”

The deal is expected to complete by June 2020, subject to regulatory and other customary approvals.

Elena Johansson

Senior Reporter

Part of the Bonhill Group.