Geoff Lloyd

Investment Strategy

Troika in place at Perpetual

Perpetual Investments major new hire, Michael Gordon, commenced his role as group chief executive for investments at the listed-funds manager this week. Perpetual has styled the appointment of Gordon, formerly chief investment officer at BNP Paribas Investment Partners, as the last piece in assembling its new leadership team, following the hiring of Mark Smith as […]
Investment Strategy

Perpetual transformation

Listed wealth-management firm Perpetual has started a global executive search to fill the newly created position of group executive, investments, to oversee the firm’s Australian-domiciled investment-management teams. The position has been created as part of the Transformation 2015 program, which is designed to cut $50 million from the company’s cost base by the start of […]
Investment Strategy

Perpetual, Bain trimming costs

On the 16th floor of Perpetual’s Sydney headquarters there are about a dozen people seeking to find ways to produce “further meaningful cost reductions” at the trustee and asset manager, says a person familiar with the matter who spoke on condition of anonymity. The cost reduction team, made up of about six people each from […]