Generation Development Group shares fall as it appoints new executive director
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More news: Generation Development Group shares tumbled 3.5% to $5.53 in morning trade, having surged more than 140% over the last 12 months.
Earlier, the investment company appointed Evidentia Group's co-founder and former CEO Peter Smith as an executive director.
Generation Development Group names Evidentia's Peter Smith as executive director
The news: Investment company Generation Development Group (GDG) has appointed Evidentia Group's co-founder and former chief executive Peter Smith as an executive director.
The context: Smith is currently executive chairman of Evidentia, a managed accounts business acquired by GDG in February.
He has previously held roles at Macquarie Bank, NAB, MLC and Godfrey Pembroke.
Smith will commence as an executive director of GDG with immediate effect.
The source: ASX
