Perpetual appoints Vivek Prabhu as head of credit and fixed income
Make us a preferred source
Make us a preferred source on Google
The news: Perpetual has promoted Vivek Prabhu to head of credit and fixed income following the retirement of Michael Korber.
The context: Prabhu, who has been at Perpetual for over 20 years will start in his new role on 1 July. He will also continue in his role as portfolio manager for the Perpetual Diversified Income Fund, Perpetual Credit Income Fund and Perpetual ESG Credit Income Fund.
Korber has also been at Perpetual for more than 20 years and will continue in his portfolio manager role for a period of up to 12 months.
Perpetual’s head of credit research and senior portfolio manager Greg Stock who, again, has been with the business for over 20 years, has been appointed deputy portfolio manager for the Perpetual Credit Income Trust and Perpetual Pure Credit Alpha Fund and will work with Korber during the transition period.
Perpetual’s credit and fixed income team is made up of eight investment professionals who are managing more than $8 billion in funds under management.
What they said: Perpetual Asset Management Australia chief executive Amanda Gillespie said: “Michael’s contribution, not only as a leader in our business but as one Australia’s most respected credit and fixed income investors, has been enormous.
“...Vivek is a highly respected Portfolio Manager and his natural leadership skills, commitment to fostering strong and collaborative teams, coupled with his dedication to providing quality investment outcomes, ensures we will continue to deliver for our clients.”
The source: Perpetual media release
