Perpetual Limited announced that David Lane, Chief Executive, Asset Management, Americas has made the decision that, due to personal and family circumstances, he is no longer able to relocate to the US, which was a critical requirement of the role. David has been with Perpetual since 2017 and has been a member of the Executive Committee since that time. He was appointed as Chief Executive, Asset Management, Americas as part of Perpetual's new Executive Committee, announced in November 2022.

Prior to this, David was responsible for Perpetual's international asset management business. To ensure a smooth transition, David will remain in the role over the coming months while Perpetual conducts a global executive search with a view towards appointing a highly experienced, US-based executive with strong asset management experience.