Perpetual Limited (Perpetual) today announced the appointment of Michael Gordon as Group Executive Perpetual Investments. Michael will lead the end-to-end business of Perpetual Investments, which includes product, distribution, operations and the investment management team with $23.6 billion in funds under management.

Perpetual CEO Geoff Lloyd said “We are delighted that Michael is joining Perpetual. He is an extremely experienced and talented leader of asset management businesses”.

Mr Gordon’s career spans almost 30 years in the financial services industry within well-regarded global investment managers, in Australia, Asia and the UK. Since 2010, he has been BNP Paribas Investment Partners’ Chief Investment Officer for Equities, responsible for over $60 billion in funds under management. Mr Gordon also held a number of senior roles with Fidelity Investments International, including the roles of Global Chief Investment Officer, Head of Institutional Investment and Head of Fixed Income. During the 1990s, his career progressed with Schroders Investment Management in Australia, starting as a Fund Manager and finishing as Managing Director & Chief Investment Officer.

“Michael has a clear agenda to build upon the great success of Perpetual Investments by developing new growth avenues during this exciting period of industry change. His reputation is one of the rare skilled chief investment officers who understand client needs and are able to drive profitable growth,” Mr Lloyd said.

This is the last key appointment in Geoff Lloyd’s hand-picked leadership team.

Source: Perpetual ASX Announcement.