Perpetual has bolstered its distribution strategy with the appointment of Dean Winterton as general manager distribution.
Leading the existing institutional, intermediary and retail sales, as well as the research and marketing teams, Winterton will be working to improve net flows, grow funds under management (FUM) and reduce redemptions.
With more than 15 years experience, Winterton was most recently head of institutional sales at Eastspring Investments in Asia. He previously worked at AMP Capital in Asia, and prior to that in AMP's Sydney office.
"During this period of industry change, Dean has a clear agenda to build upon the great success of Perpetual Investments by capitalising on the growth opportunities open to us," group executive Michael Gordon said.
The addition of Winterton follows the roll-out of Perpetual's updated portfolio wrap service within its Perpetual Private personal advisory business in April. Chief executive Geoff Lloyd said at the time that the service enhancement formed part of the company's so-called ‘Transformation 2015' strategy.
Perpetual's FUM sits at around $26 billion as at 31 March.