Perpetual group executive wealth management Gerard Doherty is leaving to join Fidelity Investments Australia as its new managing director.
Doherty will take over the reigns at the American fund manger in January 2008, after approaching 15 years at Perpetual.
"I'm looking forward to a new challenge at Fidelity," Doherty said.
"I've been offered a different and interesting opportunity...they've got exciting opportunities here in Australia.
"I'm sad to be leaving a great firm and I'm excited about a new opportunity and excited to be able to take time off in the next little while to be with my children."
According to Fidelity International Asia Pacific president Brett Goodin, Doherty's experience at Perpetual will be used to drive Fidelity's Australian business as it looks to grow.
"We believe this experience, coupled with his strong management capabilities, will be a huge asset to our business," Goodin said.
In August IFA reported that Goodin was relocating to Sydney. The move was announced only a week after the group's Australian operation made public the resignation of Michael Ohlsson, who spent three years at the helm.
Ohlsson will remain in his position until the end of October.
