In an ASX announcement on Tuesday, Perpetual revealed that David Lane, chief executive, asset management, Americas, would no longer relocate to the US. The firm said that Mr Lane made the decision due to personal and family circumstances, with the relocation a “critical requirement of the role”.
Mr Lane has been a member of the executive committee since he joined Perpetual in 2017. He was responsible for Perpetual’s international asset management business before being named chief executive, asset management, Americas in November 2022 as part of a larger notional appointment of the executive committee that would lead the combined group following the acquisition of Pendal.
Perpetual added that Mr Lane would remain in the role over the coming months to ensure a smooth transition while Perpetual conducts a global executive search.
Perpetual chief executive and managing director, Rob Adams, said: “David has been with the company for more than six years and has made a tremendous contribution to the business.
“While we are disappointed that David has made this decision, we understand that family matters take priority, and appreciate David’s commitment to a seamless transition.
“We thank David for his contribution and wish him the very best in his future endeavours.”
Perpetual also announced the appointment of Mickey Janvier to the role of head of distribution, Americas. Mr Janvier will lead a new team of distribution, sales, marketing, and product professionals.
“After an extensive search, we are pleased to announce Mickey in this key role of head of distribution for the Americas,” said Adam Quaife, chief distribution officer at Perpetual.
“He brings a strong track record in driving flows in challenging environments, with tenacity, drive, and leadership skills that we believe to be so important in order for Perpetual to deliver on our growth ambitions.”
Mr Janvier was previously at abrdn, spending 12 years in various roles, including most recently leading both institutional and intermediary sales channels.
“I am excited to join Perpetual at this pivotal time, with each of the boutiques poised for growth backed by a strong organisational and strategic vision,” said Mr Janvier.
“I look forward to working with the respective institutional/consultant relations teams within each of our boutique firms to forward their vision and business and in helping the boutiques to grow their business within the intermediary channel.”
