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Kerr takes over running PGC

Veteran financial services man George Kerr has taken over running Pyne Gould Corporation following the immediate resignation of its chief executive.

Friday, April 27th 2012, 6:00AM

George Kerr is taking over running the wealth management firm Pyne Gould Corporation following the resignation of  managing director John Duncan.

Duncan has “decided to move on to new challenges” and has resigned from the company and any subsidiaries he’s a director of with immediate effect, He also intends to step down from the board of Equity Partners Infrastructure Co (EPIC) as PGC’s representative.

In 2009, Duncan was tapped to head up PGC’s Perpetual Asset Management unit after a 15 year career with Macquarie Group. The unit managed all of PGC’s funds, including the Torchlight fund which specialised in squeezing value from distressed assets.


 

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