First Sentier equities chief to retire

First Sentier's equities chief investment officer, David Dixon, is set to retire.

Financial Standard reports that Dixon's departure has led First Sentier Investors to reorganise their investment leadership team. Three new roles have been created. Perry Clausen, currently the head of global infrastructure investment, will become global chief investment officer.

Dixon has been with First Sentier Investors, and Colonial First State Global Asset Management, since 2003. He previously held investment and research roles with IAG and Westpac.

"To ensure we are well-positioned to meet the evolving needs of our global client base, and maintain our competitive positioning, the business has established a new executive committee as a complementary forum to our existing executive leadership team," a spokesperson for First Sentier said.

"No changes have been made to any of the investment teams, investment philosophies or processes, and all of our investment capabilities will maintain their current levels of investment autonomy. Our commitment to incorporating ESG principles across processes and strategies remains central to each investment approach," the spokesperson said.

Reporting from Kanika Sood at Financial Standard contributed to this story.