Platinum Asia Investments Limited Announces Executive Changes
September 05, 2021 at 07:25 pm
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Platinum Asia Investments Limited announced that Mr. Malcolm Halstead has given notice of his resignation from the Board effective September 8, 2021. Accordingly, with Malcolm's retirement, the Board has chosen to appoint Mr. Richard Morath and Mr. Jim Clegg (both non-executive directors of PMC) to the Company's Board as independent non-executive directors, effective September 9, 2021. Mr. Morath and Mr. Clegg both bring tremendous depth of knowledge and experience to the Board and will join myself and Mr. Ian Hunter, as the non-executive directors of the Company. Mr. Morath has over 40 years' of experience in life insurance, funds management, banking and financial planning. He is a director of JANA Investment Advisors Limited, BNZ Life, BNZ Insurances and National Wealth Management Holdings New Zealand. He is also a Fellow of the Institute of Actuaries of Australia. Mr. Clegg has over 35 years' of experience in the financial services industry. Mr. Clegg was the founding managing director of Pembroke Financial Planners and was formerly a director of Godfrey Pembroke, Berkley Group and Centric Wealth. He was also formerly a trustee of The Walter and Eliza Hall Trust.
Platinum Asia Investments Limited is an Australia-based investment company. The Company's investment objective is to provide capital growth over the long term through investing primarily in undervalued listed securities of companies in the Asian region (ex-Japan) across sectors. It offers investors an easy and convenient means of accessing an actively managed, diversified portfolio of Asian (ex-Japan) companies across industry sectors, providing exposure to undervalued businesses that are benefiting from Asiaâs dynamic growth and transformation. It aims to achieve net returns over a five-year plus investment horizon that are in excess of the benchmark (MSCI All Country Asia ex Japan Net Index (A$)) returns. It invests in sectors that include consumer discretionary, industrials, information technology, real estate, financials, materials, consumer staples, communication services, health care, energy and others. The Companyâs investment manager is Platinum Investment Management Limited.