Perpetual executive steps down

InvestorDaily

In an ASX announcement, 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.

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