Perpetual Investments has announced the promotion of Matt Thompson to the role of general manager of distribution, replacing the outgoing Dean Winterton.
Mr Thompson commenced with Perpetual in 2012 and previously held the position of head of wholesale business for three years before the resignation of Mr Winterton.
“We thank Dean for his contribution over the past three years and wish him all the best in his new role,” said Perpetual chief executive Geoff Lloyd.
“It’s always a good experience to announce the internal promotion of high quality leaders and I am pleased to be moving someone of Matt’s calibre into this important role.”
Prior to becoming head of wholesale business with the company, Mr Thompson led Perpetual’s strategic accounts team for 18 months, and brings over 20 years’ experience in wealth management to the role.
Mr Lloyd said Mr Thompson had helped the company improve the effectiveness of the wholesale team’s relationships, and that he had the necessary understanding of “the level of investment sophistication required to earn and retain business”.
“Under Matt’s leadership Perpetual’s standing with financial advisers – those working within large institutions as well as independent advisers - has strengthened significantly, with client advocacy at an historic high and at market leading levels,” he said.