New CEO named for Platinum

Platinum Asset Management has announced that its chief executive officer and co-founder, Kerr Neilson, will be passing on his leadership responsibilities to chief investment officer (CIO) and co-founder, Andrew Clifford, effective 1 July 2018.

In 1994, Clifford co-founded Platinum as deputy CIO with Neilson and in 2013 was appointed as Platinum's CIO.

Previously the pair worked together for several years at Bankers Trust.

Kerr described Clifford's performance record as "exceptionally strong" and said "it is with delight that the years of training and gradual elevation in responsibility has allowed our flat organisational structure to bring through and reward a growing number of the team to enjoy the recognition they have earned."

Kerr will continue as a full time executive director of Platinum Asset Management and its subsidiaries and as a member of Platinum's investment team. He will also provide additional support to Platinum's client diversification initiatives in Europe and the US.