Matthews departs Macquarie
Macquarie Funds Management joint group head Greg Matthews has left the group following a contracted downturn in Macquarie's performance.
Matthews' former Mercantile Mutual colleague Peter Mouatt has been promoted to head of active equities. After joining Macquarie Funds Management just last month as executive director.
About three years ago, Mouatt replaced Matthews at Mercantile Mutual as head of Australian equities after Matthews departed for Macquarie.
Mouatt has 24 years experience in the industry, including the use of the Price For Earning Growth (PEG) investment philosophy which Matthews helped create at Merc before taking it to Macquarie.
Macquarie's head of distribution Tim Farrelly says Macquarie is commited to continuing with PEG.
"We will continue to refine the PEG process to ensure we are at the forefront of active equities management in Australia," he says.
Matthews, who spent three years with Macquarie, has not yet disclosed his next move.
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