Following news that former Perpetual head of equities John Sevior will not be returning to his role, the company has announced the appointment of a new head and deputy head of equities at Perpetual Investments.
Commenting on Sevior’s departure, Perpetual group chief executive equities Cathy Doyle said the stock-picking expert would explore a new venture in 2012.
"It’s now time for me to set some new challenges outside of Perpetual," Sevior said.
Stepping into the head of equities role is Matt Williams, the long-serving portfolio manager of Perpetual’s Australian Share Fund and the Pure Value Share Fund.
Meanwhile, Charlie Lanchester (currently the lead portfolio manager of Perpetual’s Sustainability Fund), will take on the deputy head of equities position.
"Williams and Lanchester have worked together closely over the years. They form one of the strongest investment leadership teams in the market," said Doyle.
