SYDNEY, AUSTRALIA: Platinum Asset Management Limited (ASX: PTM) announced the appointment of Mr Jeff Peters as Chief Executive Officer and Managing Director of the Platinum Group, to lead Platinum through the next phase of its 30-year history.

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, 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.

Global investment markets and the business environment in which Platinum operates continue to evolve. Mr Peters’ experience and leadership will be vital as Platinum focuses on delivering strong investment outcomes for clients and profit growth.

Mr Peters said: “I’ve long respected Platinum through my prior work dealings with Australia. I’m excited by the leadership opportunity presented to me; Platinum has excellent foundations and an admired culture that has been built on the back of a differentiated investment approach and strong client focus. I’m keen to work with the team to see the company through its next growth phase.”

Jeff Peters will also join the Board as Managing Director.

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