11 Aug 2009

New chief executive appointed

12:33 pm on 11 August 2009

Pyne Gould Corporation has appointed a chief executive for its new funds management business.

John Duncan will head Perpetual Asset Management, which was created to manage and own major holdings in assets like infrastructure, property and potentially, agribusiness.

Mr Duncan comes from the Macquarie Group financial services company.

Perpetual Asset Management recently bought Equity Partners Asset Management from Pyne Gould director and Pyne family member, George Kerr for $18 million.