Former AMP Value Plus Fund head Tony Oesterheld has joined Perennial Value as senior portfolio manager.
During his 20 years in the market, Oesterheld has held roles at GIO and QBE Insurance.
"Both his money management experience and stock knowledge are very deep and his appointment represents a significant boost to the team's portfolio management and stock analysis skills," Perennial Value managing director John Murray said.
The move comes as Hugh Giddy departs the group.
"Hugh has made an important contribution to Perennial Value and we wish him well," Murray said.