Perpetual Private has lost its head of multi manager, who has been with the firm for more than 17 years, and a research analyst.
Theo Sofios departed last Thursday, a spokesperson for Perpetual confirmed.
Sofios had been with Perpetual for 17 years and five months. Prior to joining the company he was a portfolio manager at Optimix Investment Management.
Also departing on the same day was Thomas Kapellos, a research analyst.
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Kapellos had been with Perpetual for almost six years.He started his career as an associate with Macquarie.
In its August results, Perpetual saw its net profit after tax fall 29% year on year. The business blamed increasing outflows from its investment business and COVID-19 for the decline.
Revenue for the full year also dropped, down 5% to $489.2 million, reflective of a lower level of funds under management (FUM).
The board still decided to pay shareholders a final dividend of 50 cents per share, resulting in a fully franked total dividend for the year of $1.55. The dividend paid to shareholders at the same time last year was $1.25 per share.