John Sevior's departure leaves Perpetual ratings unchanged
The departure of long serving head of equities at Perpetual, John Sevior, will not affect the ratings of its Australian equities funds, according to an announcement released by Standard & Poor's Funds Services (S&P).
The researcher said its existing ratings for Perpetual's Australian equities funds already took into account the probability that Sevior might not return to Perpetual.
It has since been confirmed that Matt Williams and Charlie Lanchester will serve as new head and deputy head of equities respectively.
They were acting in those roles during Sevior's recent six-month leave of absence.
"Williams and Lanchester are experienced investors and have worked at Perpetual for 18 and 12 years respectively," S&P stated. "They have an extensive track record of working together, and strong familiarity with the Perpetual process."
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