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
VanEck is expanding its fixed income range with a new ETF this week to complement its existing subordinated debt strategy which has received $1 billion in inflows this year.
Specialist global equities manager Nanuk has celebrated 10 years of its flagship New World Fund and is actively considering its next possible vehicle.
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.
