Jensen steps down from WAM Board

Paul Jensen has announced his departure from the Wilson Asset Management (WAM) board, as an independent director, effective February 2017, after 12 years of service.

Jensen is currently the chair of the Hunter Hall Global Value Limited (HHV) board. In an ASX announcement he said that he decided to leave the WAM board due to "potential conflict" arising from the current relationship between the two firms.

Jensen said: "Having considered WAM's operations as a whole and the current business environment in which it's operating, I have reached a decision that the difference of opinions between Wilson Asset Management Pty Limited, as the manager of WAM, and HHV as to the future direction of HHV, mean that my role as a director at WAM may provide a distraction from the issues that the business has to address to ensure that the best interests of all shareholders are protected."