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.
Recommended for you
Franklin Templeton has announced it will close its Australian Core Plus Bond Fund, having changed two fixed income funds in its Brandywine range last week.
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.