Perpetual Investments is flagging its future growth strategy and has appointed a new investment specialist in the process.
Joining Perpetual Investments is Ron Mehmet. He is the former head of sector portfolio management at Advance Asset Management, a specialist business within the BT Financial Group. Mehmet has more than 30 years' experience in financial services.
Perpetual Investments head of investment specialists Adam Curtis said Mehmet brings a wealth of experience "which will strengthen our offering to the market and ensure we are well positioned to achieve future growth."
"The investment specialists team plays a crucial role in providing the business with technical and analytical support that helps service the needs of our clients and potential clients," Curtis said
Mehmet will work closely with Perpetual Investments' credit and fixed income team, providing technical expertise on investment capabilities, and input into the development of product strategy.
Last year, Perpetual made a number of key appointments including the promotion of Vince Pezzullo to Deputy Head of Equities, the appointment of Kylie Smith to Group Executive - Marketing, and the appointment of Vicki Riggio as alternate director of the Trust Company (RE Services).
Perpetual ended 2016 with a net profit after tax of $132 million, up 8% on FY15.