The equities division within Perpetual Asset Management Australia will now be led by Vince Pezzullo.
He came to the role with over 26 years of experience and would be taking over for Paul Skamvougeras, who recently announced his resignation.
Pezzullo has been with Perpetual since 2007, including as deputy head of equities since 2016.
“Vince is a highly-respected portfolio manager. His long tenure as deputy head of equities combined with Perpetual’s investment in succession planning and the resultant strength across our Australian equities team, provides us with confidence that this will be a seamless and successful transition,” said Rob Adams, Perpetual chief executive and managing director.
Departing head of equities, Paul Skamvougeras, added: “The past 18 years at Perpetual have been truly rewarding. Our team has never been stronger, delivering great investment performance with fund flows building. I have great confidence the team will continue to deliver for our clients”.
Perpetual currently operates in Australia along with international offices in the US, the UK, Singapore, the Netherlands, and Hong Kong.
The global financial services firm noted that the shift in leadership roles within the Australian equities team came at a time of “positive momentum across investment performance and fund flows.”
“Our Australian equities team of 17 is one of the largest and most experienced in the industry and we have remained very focused on ensuring a profile of experience and tenure across the team, as well as developing a strong junior pipeline,” stated Amanda Gillespie, Perpetual Asset Management Australia group executive.
