Perpetual Equity Investment Company Limited announced the appointment of Michael Charles Clarke as a Non-Executive Director, effective 1 September 2023. Mr. Clarke will stand for election at the Company's Annual General Meeting on 19 October 2023. He will also be appointed to the PIC Board's Audit and Risk Committee and Nomination and Corporate Governance Committee as a member.

Mr. Clarke has held various roles previously including responsibility for managing equity, fixed income and currency portfolios and building asset management businesses. His most recent leadership role was Chief Executive (acting) of Challenger Funds Management, based in Sydney. Prior to that, he was Managing Director of Russell Investments' institutional business in Australia and New Zealand, and has been Director Strategy and International at AMP Capital Investors, Chief Executive and Chief Investment Officer at Goldman Sachs JBWere Asset Management, Investment Director at EquitiLink Australia, and Division Director at Macquarie Bank.

Mr. Clarke holds a Bachelor of Electrical Engineering (Honours) from the University of New South Wales and a Master of Business Administration from University of Sydney.