Shareholders at Platinum Asset Management have voted on the decision to merge the firm with L1 Capital. In an extraordinary general meeting (EGM) held on 22 September, Platinum shareholders voted on a range of motions, including director appointments and the firm’s name change to L1 Group with the ASX ticker of L1G. Exposure to a growing, scalable, and well-diversified investment management business with a diversified client base across institutional, wholesale, high-net-worth (HNW), and retail investors in Australia and globally. Potential to deliver annual pre-tax net synergy and cost savings benefits of $20 million and to be materially EPS accretive for shareholders. He said: “If the merger is approved by shareholders today, Platinum will acquire 100 per cent of Class A, Class B, Founder and ordinary shares in L1 Capital.