Perpetual adds distrib exec to board

Perpetual Limited has appointed a former Jupiter Asset Management executive to the board, effective 1 November 2023.

Phil Wagstaff has served as a senior executive and board member for several leading asset managers, including Henderson PLC, Henderson Investment Funds, Gartmore Japan and M&G Limited.

Between 2019 and 2022, Wagstaff was the global head of distribution and executive committee member at Jupiter.

Before that, he held similar roles at Henderson Global Investors and Janus Henderson Investors.

Perpetual chairman Tony D'Aloisio said:  "We are delighted to welcome a director of Phil's stature to the Perpetual Group board.

"His extensive experience in the UK and global asset management industry will complement the board's current mix of experience and skills.

"In particular, Phil's deep knowledge, experience and success in leading and overseeing global distribution teams and strategy will be invaluable to our Group as we focus on driving our organic growth globally and deliver the benefits from our recent acquisitions in asset management."

This appointment follows the retirement of Kathryn Matthews, a Pendal director who joined the board following the acquisition of Pendal.