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."
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
