Australia-based Perpetual Ltd. is exploring a number of options before it names a new CEO, The Australian Financial Review's Street Talk blog reported March 5.
One of the options being considered is a potential takeover of the A$705 million funds management group Pinnacle Investment Management Group Ltd. The latter's CEO, Ian Macoun, is being considered as a possible replacement for Perpetual's CEO.
In November 2017, the company said Geoff Lloyd will step down from the CEO role, effective June 30.
Also included among the list to replace Lloyd are Rob Adams, Janus Henderson Investors' head of pan-Asia, and former Westpac Banking Corp. head Jason Yetton.
The report noted that Perpetual has not yet made an approach to Pinnacle, and the strategy is at a preliminary stage.
Spokespersons from Perpetual and Pinnacle declined to comment on the matter.
- Author
- Regina Liezl Gambe
- Theme
- Banking
