Platinum’s NED resigns
Platinum Asset Management Limited has advised that its non-executive director and chair of the nomination and remuneration committee (NRC), Bruce Coleman, has resigned from the company, effective today.
However, he would continue to chair the boards of the two listed investment companies, Platinum Capital Limited (PMC) and Platinum Asia Investments Limited (PAI).
The resignation was a part of the firm’s previously announced program of director renewal.
The company also advised that Stephen Menzies would assume the role of the NRC’s chair while the board would continue reviewing candidates to replace Coleman as a non-executive director, in accordance with the company’s director renewal policy.
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
