Australia's Perpetual in talks with KKR for sale of corporate trust & wealth management unit

Australia's Perpetual in talks with KKR for sale of corporate trust & wealth management unit

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

Australia’s Perpetual has entered into exclusive talks with global investment firm KKR & Co for potential sale of its corporate trust and wealth management business, the financial services firm confirmed on Monday.