Fujitsu have won a five-year contract, worth $68 million, to provide IT services to trustee group Perpetual.

The deal comes as Perpetual looks to overhaul its IT infrastructure and create efficiency and cost-savings.

The implementation of IT services will begin in the second half of 2013. A statement released by Perpetual detailed that: "The new structure will create more variable cost base and deliver cost savings included in the Transformation 2015 strategy".