IOOF's win win strategy

No matter how the rationalisation of the trust industry proceeds, Chris Kelaher appears to have dealt IOOF a winning hand.

IOOF's (IFL) Chris Kelaher has found himself in the box seat when it comes to rationalisation of the trust industry.

Although technically beaten to the punch for control of The Trust Co (TRU), it would be a mistake to think that IOOF has capitulated to Perpetual (PPT) on that prize.


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