Direct Equities Responsible Investment Managed Portfolio

Years of experience: 27
Years at Perpetual: 12

Stephen is responsible for Perpetual Private’s direct equity investment and research capability, including stock selection and ongoing management of direct equity investment portfolios for clients (as managed accounts, or on an advisory basis). He provides detailed input on direct equities – company analysis & research, recommendations and portfolio structuring, and leads a team of five investment analysts across most key equity sectors.

Stephen has spent more than twenty years as an equity market specialist. Prior to joining Perpetual, he spent four years as a Senior Investment Analyst at Queensland Investment Corporation (QIC) in the domestic equity funds management team. He was primarily responsible for covering sectors such as Financials, Healthcare, Food & Beverage and Building Materials. Stephen also spent considerable time as a Senior Research Analyst at Macquarie Group, where he specialised in Banks and Diversified Financials.

Stephen’s academic qualifications underpin his extensive experience. He holds a Bachelor of Economics (Macquarie University), is an Associate of FINSIA and a Chartered Financial Analyst (CFA Institute).

Years of experience: 15
Years at Perpetual: 10

Daniel is the Portfolio Manager for Perpetual Private’s ‘Australian Equities Responsible Investment Portfolio’ and a senior investment analyst.

Daniel joined Perpetual in 2011 as a Research Analyst within Perpetual Private's Direct Equities team. He developed and subsequently launched the Responsible Investment Portfolio in 2015. He is also responsible for investment research of the Resources, Other Materials (building materials and chemicals), and Energy sectors.

Daniel joined Perpetual after 4 years with Constellation Capital Management, a boutique funds manager, where he had responsibility for researching the Consumer Staples, Agriculture, Utilities and Telecommunications sectors. Prior to Constellation, Daniel worked for Hoyts Corporation where he was Group Accounting Manager responsible for financial reporting.

Daniel is a CFA charter holder and holds a Bachelor of Science (Mathematics) and a Master of Commerce (Finance and Accounting), both from the University of Sydney. He has also completed the CFA Institute’s Certificate in ESG Investing.

Years of experience: 8
Years at Perpetual: 4

Damen joined Perpetual in 2018 as a Research Analyst within the Perpetual Private’s Direct Equities team. He is responsible for investment analysis and research of Gaming, Consumer Staples and several other Industrials sectors, as well as supporting the team in small companies and other industry research.

Damen joined Perpetual following four years at Clime Investment Management, a boutique, value-oriented wealth manager, specialising in high net worth clients. At Clime, Damen had responsibility for ex-ASX 50 (mid-sized company) stocks, as well as many of the team’s quantitative processes.

Damen holds a Bachelor of Commerce (Finance and Commercial Law) from the University of Sydney and is a CFA Charterholder.

Desmond joined Perpetual in 2022 as a Senior Research Analyst within Perpetual Private’s Direct Equities team. He is responsible for research coverage of the Media and Consumer Staples/Discretionary sectors as well as leading the team’s ex-100 small companies opportunities.

Prior to joining, Desmond was an Executive Director at Goldman Sachs Equity Research, during which he was part of the top 3 rated Financials team and had lead coverage of the Gaming and Media sectors. Before that he worked at ANZ for a number of years across Equities and Group Treasury.

Desmond is a CFA Charterholder and holds a Bachelor of Commerce (Finance and Economics) with Honours.

James joined Perpetual in 2024 as a Senior Research Analyst within Perpetual Private’s Direct Equities team. He is responsible for research coverage of the Insurance sector as well as supporting the broader team in other industry research.  

James joined Perpetual following five years at Selector Funds Management, a boutique high conviction Australian fund manager. At Selector, James was an Analyst and Dealer with broad coverage across the ASX.

James is a CFA Charterholder and holds a Bachelor of Commerce (Economics) with Bachelor of Laws with Honours.

Years of experience: 18 
Years at Perpetual: 3

Provides investment research, portfolio construction and bespoke investment advice for Perpetual Private’s clients.

Andrew works closely with advisers by providing specialist investment knowledge on Perpetual’s investment process and strategy implementation, focusing on delivering optimal solutions to our stakeholders and partners. This is further augmented by his provision of transparent and accessible knowledge of financial markets and asset classes both globally and locally.

Having spent 15 years in London, Andrew returned to Melbourne with a wealth of international experience to benefit Perpetual’s clients and partners. Having started his career working on private equity transactions and stock market listings, he then spent time working on equity trading desks, before moving into investment management. In his role as a Portfolio Manager for Barclays Investment Solutions, Andrew managed money across multiple asset-classes on behalf of various client groups, before focusing on the charity and not-for-profit segment. With responsibility for as much as £3bn in assets, he developed a strong reputation for delivering robust investment performance linked to his comprehensive understanding of global investment markets.

Andrew is a holder of the Chartered Financial Analyst designation.