Perpetual appoints GM research and operations
Perpetual has announced the appointment of Kyle Lidbury as general manager research and operations for its newly-structured retail distribution function.
The new structure includes a strategic account division to service the head offices of the largest distributors, a separate financial adviser distribution team, and a research and operations team, which will led by Lidbury.
Lidbury has 15 years experience in financial services, including a number of senior roles at Lend Lease, MLC and nabInvest. Most recently, he was NAB Wealth manager research relationships.
Perpetual group executive private wealth and head of retail distribution Geoff Lloyd said that Lidbury's team would play an important role in improving Perpetual's ability to service target segments and create deeper client relationships.
The creation of the new retail distribution function reflects Perpetual's desire for business growth in a challenging fund flow environment. It follows the appointment of Anthony Aboud as an analyst for the Perpetual Share Plus Long Short Fund, the company stated.
Perpetual also stated that a general manager strategic accounts is expected to be announced before the end of February, completing the implementation of the new structure.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
