Premium Investors has appointed Lindsay Mann, formerly head of the Asian operations of First State Investments and Axa Investment Managers, as a director.
Premium chairman Tom Collins said Mann would strengthen the composition of the board and help the Australian Securities Exchange-listed investment company continue to deliver dividends and a yield of about 9 per cent a year.
"We recognise that our continued performance requires an active and highly-specialised investment approach," Collins said in a statement.
"Lindsay brings with him extensive actuarial and funds management skills and experience that will enhance and complement the existing board and, we believe, add significant value to our investors."
Mann has more than 36 years of financial services experience. He was formerly the chief executive of First State Investments, which is Colonial First State Global Asset Management's Asian business. He later became First State's Asian regional head.
Before that, he was the CEO of Axa Investment Managers in Hong Kong. He is a fellow of the Institute of Actuaries of Australia and a member of the Australian Institute of Company Directors and the Hong Kong Securities Institute.
He is an independent director of BRIM Asian Credit Fund, a Cayman Islands-domiciled hedge fund managed by Singapore-based Blue Rice Investment Management, and an independent member of the compliance committee of Aviva Investors Australia.
Premium's portfolio also benefits from the investment management expertise of some of Australia's leading boutique equity managers, which sit within the Treasury Group portfolio of managers. The investment portfolio is well diversified by country, industry and management style.
Collins said: "We are delighted to welcome Lindsay on board and we look forward to his immediate and continuing contribution."
Premium's domestic and overseas investments are managed by TIS, a boutique fund manager wholly owned by Treasury Group. TIS manages more than $16 billion worth of investments.
