PendalFY19 Highlights
Strategic developments
- Key global executive positions filled
- Moved to full ownership of Regnan
- Added US and UK sales resources
- Identified opportunities to leverage global scale
Result context
- Cash NPAT impacted by
- Decline in performance fees
- UK and European outflows
- FUM relatively steady – good support for cash and fixed interest and global equities investment strategies
Average FUM down 1% to
$98.8 billion
Cash NPAT 19% lower to
$163.5 million
Cash EPS decrease of 19% to
51.3 cents per share
Base management fees down 4% to
$482.6 million
Performance fees down 89% to
$5.9 million
Dividend decreased by 13% to
45.0 cents per share
Global scale: established in markets representing 90% of investible assets1
346 FTE employees across Australia, UK, Europe, US and Asia
82 investment professionals across 19 teams
1 Strategic Insight, Willis Towers Watson and PwC