Pacific Current Group appoints new chair

A former super fund chief executive is becoming chair of Pacific Current Group (PAC).

Justin Arter has been named as the incoming chair of the ASX-listed multi-boutique manager.

He will commence on July 1, succeeding Tony Robinson who has served on the board for 10 years and became chair in 2018.

Arter was most recently chief executive of Cbus for three years to May 2023.

Previously, he also served as country head, Australia for BlackRock and was chief executive of the Victorian Funds Management Corporation. He also has close to two decades' experience with Goldman Sachs and JBWere.

Currently, he also serves on the boards of The Ian Potter Museum of Art, Myer Family Investments, Geelong Grammar School, and Cannatrek Limited.

Commenting on the new role, Arter said: "I am honoured to be appointed chair of PAC. On behalf of the board, I thank Tony Robinson for his exemplary leadership and enduring contribution to the company."

"I look forward to working closely with the board and executive team to continue building long-term value for our shareholders."

The wider PAC board also extended its gratitude to Robinson, crediting him with overseeing the company through a period of significant growth, including the acquisition of GQG Partners, and the outsourcing of investment management.

He said he is proud of the group's many achievements over his time on the board.

"I leave confident in the strength and direction of the company. I congratulate Justin on his appointment and look forward to seeing PAC continue to thrive under his leadership," he said.

"It has been a privilege to work with the experienced PAC team and I wish them every success in the future."