John Sevior not returning to Perpetual
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.
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
