Perpetual appoints new deputy head of equities



Perpetual portfolio manager and former Deutsche Asset Management employee, Vince Pezzullo, is taking on the position of deputy head of equities, following the resignation of Nathan Parkin.
Head of equities, Paul Skamvougeras, said: "Vince will be an outstanding deputy head of equities and is well placed to assume accountability for our flagship Australian Share Fund."
"I'm pleased to be promoting him from within and expanding the responsibilities of senior, high and performing team members."
Pezullo had spent close to ten years at Perpetual and would take on the new position effective immediately.
Recommended for you
Platinum Asset Management has provided an update on the possibility of a merger with asset manager L1 Capital following a period of due diligence.
Commentators may be forecasting consolidation in private market firms but a survey of the industry itself expects new manager formation will still outpace this, especially in Asia Pacific.
Fund manager Pacific Current has appointed a former superannuation chief executive as its newest chair, succeeding Tony Robinson who departs after almost a decade to focus on his role at COG Financial.
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.