BT Investment Management (BTIM), the listed fund manager majority owned by Westpac, has appointed Emilio Gonzalez as its chief executive.
Gonzalez, formerly group executive of global equities at rival firm Perpetual, joins BTIM on 21 January 2010.
BTIM executive chairman Brian Scullin remains in his role in the interim, BTIM said.
Meanwhile, Perpetual general manager of global equities retail sales Rory MacIntyre will take on the role of acting group executive for global equities and will work with Gonzalez in assuming his previous responsibilities, Perpetual said.
"While we are disappointed to see Emilio leave Perpetual, we understand that this is a unique career opportunity and we wish him well for the future," Perpetual managing director David Deverall said.
MacIntyre is a 15-year veteran of Perpetual and has been focused on the global equities business for the past five years.
"The global equities business remains a strategic priority for Perpetual and we remain committed to its growth," Deverall said.
The appointment of Gonzalez follows an international search and a strong line-up of both local and international candidates, BTIM said.
Gonzalez's employment agreement consists of a $600,000 fixed remuneration package. He will also gain an initial equity grant of $2.3 million of unvested BTIM shares under his employee equity plan.
Gonzalez's appointment comes after the resignation of BTIM's former chief executive and executive director Dirk Morris earlier in the year.
