Perpetual names insto relationship, funds services lead

Perpetual Corporate Trust, the corporate trustee, custody and digital infrastructure services arm of Perpetual, has welcomed an executive to oversee its institutional relationships and managed funds services.

Nigel Crampton has joined as head of sales and relationships, managed funds services, bringing more than 20 years of financial services experience to the role.

Crampton co-founded Zerity, a Sydney-based solutions provider for wealth management, super and retirement, and financial advice, in 2021, and served as chief commercial officer of the business since inception until he joined Perpetual this month.

Before that, Crampton led the managed accounts and distribution divisions at Milliman Australia and distribution and client services at Atrium Investment Management. He was also the head of sales at Morningstar between 2011 and 2016.

He began his career at Macquarie Group in 1998 as a business development executive and has been heavily involved with Macquarie's business development over his 13-year stint at the company.

"Crampton brings more than 20 years of financial services experience across investment platforms, managed accounts, superannuation and funds management along with a deep understanding of the opportunities and challenges facing investment managers today," Perpetual Corporate Trust said.

"Nigel's appointment reflects our continued investment in delivering exceptional service and strategic support to investment managers.

"His industry experience and market perspective will further strengthen the expertise we bring to our clients and partners. We're excited to welcome Nigel to the team and look forward to the contribution he will make across our managed fund Services business."

Perpetual recently folded Swedish giant EQT's best and final takeover bid after the board deemed the offer "undervalues" the company and is not in the best interests of its shareholders.

Additionally, Perpetual's former chief investment officer Kyle Lidbury has this month joined Pacific Portfolio Solutions, a wholly owned subsidiary of the Pinnacle Investment Management, to lead its Australia-based investment team and the launch of new managed accounts offerings.