The Board of Platinum Investment Management Limited announced the appointment of Mr. Jeff Peters as Chief Executive Officer and Managing Director ("CEO") of the Platinum Group. Mr. Peters joins Platinum following an extensive global search to replace co-founder Andrew Clifford as CEO following Andrew's announcement in August that he would be stepping aside from the CEO role. Mr. Peters will take up the CEO role with effect from the date that his working visa is granted ("Commencement Date"), and this date will be communicated to the market at that time.

With over 30 years of industry experience, Mr. Peters brings to Platinum an extensive asset management background, together with strategic and management consulting skills. He previously led the institutional and international businesses of two large global asset management firms, Columbia Threadneedle Investments and Putnam Investments, respectively, following his time running the asset management practice at McKinsey. Jeff was educated at Princeton University and holds an MBA from Harvard Graduate School of Business Administration.

Mr. Peters' experience and leadership will be vital as Platinum focuses on delivering strong investment outcomes for clients and profit growth.