Perpetual announced today it has appointed David Lane to the role of group executive, Perpetual Investments effective 10 April.
Mr Lane will join Perpetual from the CBA-aligned dealer group, which he joined as chief executive in 2011.
“With an extensive career in asset management, wealth management and investment banking, Mr Lane has a deep understanding of the local and global financial services landscape,” Perpetual said.
Perpetual chief executive and managing director Geoff Lloyd said, “David has an impressive depth and breadth of leadership experience across asset management, investment banking and all aspects of wealth management on a global and local level.
“He has a proven history of articulating clear business strategy and motivating people to deliver great client and business outcomes. His client-first approach will resonate within our business, and he is well placed to continue to drive Perpetual Investments forward.”
Prior to joining Count, Mr Lane was CBA’s general manager of strategic development in the wealth management division, which included CBA’s asset management, platform, advice and insurance businesses, the statement said.
Previously he was chief operating officer of Neuberger Berman’s hedge fund business. His asset management and investment banking experience extends to Aetos Capital, a New York-based alternative asset manager, as well as positions in New York, London and Sydney with Goldman Sachs and JP Morgan Chase, Perpetual said.
“[David] has a proven history of articulating clear business strategy and motivating people to deliver great client and business outcomes. His client-first approach will resonate within our business, and he is well placed to continue to drive Perpetual Investments forward,” Mr Lloyd said.
If you ask pretty much any member of Count about David Lane you will get the same response. Understanding, caring for both members and clients and an long awaited breath of fresh air to our industry. Not only a pleasure to work with David. An absolute honour and privilege.
Count lost over $11million for the 2016 year. Revenue down 16.9%. Operation costs up.
I am not what you are trying to assert here but David leaves COUNT in a much better position now than when he arrived. David is a great leader and has a very personal approach with all our members. He will be missed. Thanks for your leadership over the last 5 years.
who wrote this release? what a serious load of BS, oops sorry you forgot to include “[i]he led paradigm shifts in customer related performance attributes and metrics[/i]”