Media Release

Perpetual appoints David Lane as Group Executive Perpetual Investments Friday, 10 February 2017

Perpetual has announced the appointment of David Lane to the position of Group Executive, Perpetual Investments effective 10 April.

With an extensive career in asset management, wealth management and investment banking, Mr Lane has a deep understanding of the local and global financial services landscape. Mr Lane will join Perpetual from Count Financial, which he joined as CEO in 2011. Count is Australia's largest network of accountant-based financial advisers, with more than 300 member firms nationwide.

Prior to joining Count, Mr Lane was CBA's General Manager of Strategic Development in the Wealth Management Division which included CBA's asset management, platform, advice and insurance businesses. He was a member of CBA's Wealth Management Leadership Team. Previously he was Chief Operating Officer of Neuberger Berman's Hedge Fund Business. His asset management and investment banking experience extends to Aetos Capital, a New York-based alternative asset manager, as well as positions in New York, London and Sydney with Goldman Sachs and JP Morgan Chase.

Commenting on this appointment, Perpetual CEO and Managing Director Geoff Lloyd said, "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.

"He has a proven history of articulating clear business strategy and motivating people to deliver great client and business outcomes. His client-first approach will resonate within our business, and he is well placed to continue to drive Perpetual Investments forward," Mr Lloyd said.

Perpetual Investments covers investment management, distribution, product manufacturing and operations. Perpetual Investments has $31.9 billion funds under management as at 31 December 2016.

For further information, please contact: Investors and analysts Media

Neil Wesley Daniel Wright

General Manager, Investor Relations and Manager, Corporate Comms Corporate Finance Marketing and Communications

Tel: +612 9229 3449 Tel: +61 (0)401 703 616

About Perpetual

Perpetual is a financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au

Perpetual Limited published this content on 10 February 2017 and is solely responsible for the information contained herein.
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