Apostle taps former Platinum AM chief

Apostle Funds Management has appointed a new chief executive following the departure of managing director Mitchell Gunman earlier this year.

Jeff Peters, the former chief executive of Platinum Asset Management, will join the firm on August 20, as Apostle looks to further strengthen its leadership and long-term strategy.

Peters will lead the day-to-day management of Apostle, working closely with the board, clients and investment partners to execute the firm's long-term strategy, strengthen its organisational capability and support the continued development of its investment offering, Apostle said.

Peters brings more than three decades of experience across North America, Europe, Asia and Australia, leading global investment businesses and building institutional client relationships, while driving distribution growth and guiding organisations through periods of strategic transformation.

Prior to his tenure at Platinum Asset Management, Peters held senior leadership positions at McKinsey & Company, Putnam Investments and Columbia Threadneedle Investments.

Apostle chair Karyn West said Peters' appointment supports the firm's long-term growth strategy and follows the firm's recent partnership with European investment firm Triton Partners.

"Apostle has continued to strengthen its investment offering through new investment partnerships and Jeff's appointment builds on that momentum, reflecting our commitment to ensuring the business has the leadership breadth and experience to support its long-term strategy," West said.

"He brings an exceptional depth of global asset management experience, having successfully led investment organisations through periods of growth, transformation and industry change. His knowledge, commercial judgement and client-first approach make him ideally placed to lead Apostle into its next phase.

"Our focus remains on delivering outstanding outcomes for our clients while maintaining the disciplined, partnership-driven approach that has underpinned Apostle for more than 18 years."

Meanwhile, Peters is optimistic on leading Apostle to its next stage of growth.

"Apostle has built a strong reputation for identifying high-quality global investment partners and delivering differentiated investment solutions to institutional and wholesale investors across Australia and New Zealand," Peters said.

"As investor needs continue to evolve, Apostle is well positioned to connect investors with specialist global investment capabilities through its disciplined, partnership-led approach.

"I look forward to working alongside Karyn, the board and the broader team to build on those strengths, deepen relationships with our clients and investment partners, and continue delivering long-term value."