Australian equities boutique Perennial Growth Management aims to recruit a senior equities analyst from the supply of local and expatriate candidates looking for work in

Melbourne.

Brian Thomas, head of retail funds management at Perennial Investment Partners, said the boutique, led by Lee Mickelburough, was confident it could capitalise on the talent available as the financial sector sheds employees at home and abroad.

“We see this as an opportune time to strengthen the team, particularly with so many good analysts coming home from overseas,” Thomas said.

In addition to experience in stock analysis, selection, and portfolio construction, expertise in covering the resources sector would be attractive, Thomas said. 

Perennial Growth’s six-person team includes Mickelburough, Ken West, Adrian Mulcahy, Andrew Sutherland and Richard Macdougall.

At June 30, 2008, the boutique managed $2.4 billion in assets. Its one-year performance to March 31 was -29.2 per cent, and it has returned 6.6 per cent since its June 1999 inception.