Jul 2, 2026 – 1.14pmA long-time backer of Perpetual wants to see the 140-year-old financial services giant split up and listed as two separate entities, urging the board to act before shareholder value is transferred to private equity on the cheap.Ross Illingworth, executive director of Kingfisher Capital Partners. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
‘Don’t let them steal our cheese’: Shareholder pushes for Perpetual split
Ross Illingworth is urging the board to act before shareholder value is transferred to private equity on the cheap.
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