Platinum Group, an asset management firm in Australia, has announced the appointment of Jeff Peters as the Chief Executive Officer and Managing Director of the Group.
Jeff will take over responsibilities from Andrew Clifford, who stepped down as the Co-founder and CEO in August 2023.
While Andrew will continue to serve the group as Co-Chief Investment Officer, he has stepped down from the group’s executive board, along with Elizabeth Norman and Andrew Stannard. Following this many leadership changes were made to the board including, Guy Strapp as the Chairperson, and Anne Loveridge, Brigitte Smith, and Philip Moffitt as independent Non-Executive Directors. Jeff will also be a part of the leadership board in the capacity of Managing Director.
In his new role, Peters brings over 30 years of core industry experience as he held key leadership roles at global asset management firms. Before his appointment, he was serving Curagaia as a key Advisor. In his previous roles, he worked at Spades SBC in the capacity of Co-Founder and chairman, Canande Capital as Co-Founder, Columbia Threadneedle Investments as the Managing Director, Head of Global Institutional Business, and Putnam Investments as the Senior Managing Director, Head of International Business. He was also a Principal Partner at McKinsey for eight years at the beginning of his career.
Welcoming Jeff on the leadership board, Chairman Strapp said, “Platinum is at an important juncture and Jeff’s appointment is pivotal to leading the next phase of the business. Jeff’s prior experience captures the important features required to grow a funds management business, namely strong investment performance, a focus on client outcomes, and the ability to thoroughly execute strategic goals. We are excited about Platinum’s prospects.
Commenting on the leadership rejigs following CEO Andrews’s exit, he added, “Jeff’s appointment is also an opportune time to revisit the Board structure, which has been largely driven by the combined CEO and CIO roles. Now that these roles have been separated, it is appropriate to restructure the Board’s composition so that it aligns more closely to that of other listed companies in Australia. The Board wishes to express our gratitude to Andrew, Elizabeth and Andrew for their valuable contributions as directors of the company over several years.”
Jeff expressed, “I’ve long respected Platinum through my prior work dealings with Australia. I’m excited by the leadership opportunity presented to me; Platinum has excellent foundations and an admired culture that has been built on the back of a differentiated investment approach and strong client focus. I’m keen to work with the team to see the company through its next growth phase.”