Regal Partners appoints chair-elect

Regal Partners has appointed Peter Yates as the chair-elect and independent non-executive director of the board, effective today.

Yates will still stand for election at Regal Partners' annual general meeting (AGM) on May 28, in a bid to assume the role of the chair.

Yates is currently chair of AIA Australia, one of Australia's largest life insurers, having served on the board in various committees since 2010. He is also a director of Mutual Trust and the Australian Japan Business Co-operation Committee (AJBCC), chair of the Australian Science Media Centre and the Shared Value Project, and a member of the advisory board of the Australian Leadership Dialogue (AALD).

He has also held the position of chief executive at Oceania Capital Partners and Publishing and Broadcasting.

"Regal Partners has established itself as a leading alternative investment manager in Australia, with a diversified platform and impressive investment track record, underpinned by a strong culture of collaboration, discipline and alignment with investors," Yates said.

"I am pleased to be joining the board and look forward to working closely with management to support the delivery of long-term value for shareholders."

Regal Partners' current chair Michael Cole, who has served in the role since June 2022, will retire from the board in June following the AGM.

"I believe that Regal Partners is well positioned for its next phase, and I am delighted to welcome Peter as chair-elect to guide the company going forward. Peter is highly regarded director with deep experience across financial services and public companies, as well as extensive investment community and business relationships within Australia and Asia," Cole said.

"I am confident that Peter's expertise and perspective will be highly valuable as Regal Partners continues to build on its existing foundation and pursues its long-term strategy."

Cole highlighted Regal Partners' material expansion across investment capabilities and client base while strengthening its operating platform over the past four years.

"It has been a privilege to help lead Regal Partners through a period of transformational growth," he said.