Perpetual hires long-time Count boss

13-Feb-2017

By Leanne Abbas

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Count Financial chief executive David Lane is to join the Perpetual Investments arm as group executive.

Lane, a veteran of the asset management, wealth management and investment banking sectors who has headed up Count since 2011, will commence his new role on 10 April.

His career has seen him take on roles such as general manager of strategic development in Commonwealth Bank’s wealth management division, where his responsibilities included heading the CBA asset management, platform, advice and insurances businesses.

Prior to this, he was chief operating officer of Neuberger Berman’s hedge fund business, and has also had senior roles at Aetos Capital, Goldman Sachs and JP Morgan Chase.

A Perpetual spokesperson told financialobserver, “Perpetual Investments plays a significant role in the financial future of so many Australians – David’s experience across asset management, investment banking and wealth management will be invaluable to the business moving forward.”

Perpetual chief executive and managing director Geoff Lloyd said he was confident Lane’s experience would ensure his success in the role.

“David has an impressive depth and breadth of leadership experience across asset management, investment banking and all aspects of wealth management on a global and local level,” Lloyd said.

“He has a proven history of articulating clear business strategy and motivating people to deliver great client business outcomes.

“His client-first approach will resonate within our business, and he is well placed to continue to drive Perpetual Investments forward.”

Lane replaces former group executive of investments David Kiddie, who resigned last September after just six months in the role.

Kiddie cited personal reasons, although Perpetual confirmed the decision had been mutual.

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