Perpetual Group has merged its existing regional asset management businesses to form one global division led by a newly created role of chief executive of asset management.
The Group said the move will help it to reap the benefits of a “global multi-boutique model” as well as a global distribution team in asset management.
The Group owns asset management bands including Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW.
Rob Adams will take on the dual role of chief executive of Perpetual Group and chief executive, asset management. Two further roles have been created to support Adams within the AM leadership team.
Graham Kitchen, who currently serves as chairman of Trillium and Perpetual corporate entities in the UK, will serve as global head of investment strategy while a search for a permanent candidate commences. Elsewhere, Clare Forster has been appointed as global head of business management and strategic delivery.
Forster holds years of experience in global asset management, having held senior management positions at Janus Henderson, GAM and Jupiter Asset Management.
Regional chief executive roles for Europe and UK (EUKA), and the Americas have also been impacted by the development. Alexandra Altinger, chief executive of asset management, EUKA (including J O Hambro) will leave at the end of this month.
According to the Group, the J O Hambro Capital Management business will continue to be managed by its long-established executive committee, which will be supported by Forster who will lead the executive committee, pending regulatory and board approval.
“The changes we are making enable us to have an improved focus on our global asset management business and successful execution of strategy, while creating a simplified Perpetual Group leadership structure focused on driving future growth across all our businesses,” said Adams.
“There will be no further changes to the J O Hambro Capital Management executive committee with Andrew Parry remaining as head of investments. Our investment teams, processes and autonomy will remain completely unchanged and we remain focussed on supporting our clients achieve their investment goals.”