Perpetual has appointed a new group executive of its investments arm to replace Michael Gordon who will depart the firm in February 2016.
Former BNP Paribas executive David Kiddie has been named as the new group executive of Perpetual Investments.
Perpetual chief executive and managing director Geoff Lloyd said: “David is a first class global investment professional and I'm delighted to welcome him into our executive leadership team.
“He has the experience, credibility and leadership capability to ensure we maintain our strong growth in Perpetual Investments.”
Prior to joining Perpetual, Mr Kiddie was the chief executive officer of BNP Paribas Investment Partners’ institutional business, based in the UK. He has also served as a chief investment officer at AMP Capital.
“David has a clear agenda to grow our global equity, multi-asset and credit businesses which have leading capability and consistent, strong performance, while maintaining Perpetual Investments’ leadership in Australian equities,” Mr Lloyd said.
Commenting on Mr Gordon’s departure, Mr Lloyd noted his significant contribution to the business.
“Anyone who knows or has worked with Michael Gordon will understand our deep appreciation for the experience, insight and leadership he has brought to Perpetual,” he said.