Ex-Pendal chief joins DNR Capital board

Seasoned wealth industry leader Emilio Gonzalez will join the board of DNR Capital, the Brisbane-based boutique announced today.

Boasting a more than three-decade career in financial services, including various C-level positions, Gonzalez’s most notable role includes an 11-year run as chief executive of Pendal Group.

DNR recognised Gonzalez’s successful stewardship of Pendal between 2010 and 2021, which saw a doubling of the firm’s FUM – from $41.9 billion to $101.7 billion.

His tenure also saw Pendal’s (then BT Investment Management) successful acquisition of JOHCM, completed in 2011, which significantly extended the firm’s reach in global equities, and Westpac’s progressive divestment and eventual sell-off of the business.

Pendal, which was previously listed on the ASX, was acquired by Perpetual in early 2023.

Coincidentally, prior to joining Pendal, Gonzalez served seven years as Perpetual’s chief investment officer and group executive of global equities.

He was also chair of the CFA Institute and director of The Banking and Finance Oath Limited.

Commenting on the firm’s latest board recruit, DNR chair Justine Hickey hailed Gonzalez’s “depth of experience, strategic insight and exemplary leadership in the asset management sector”.

She added: “DNR Capital has achieved significant milestones in recent years driven by strong focus on quality, delivering exceptional results and client-centric approach.

“Emilio’s appointment comes at a pivotal time as the firm expands its capabilities and explores new opportunities to strengthen its position as a leader in the Australian investment management sector.”

Founded in 2001, DNR is an Australian equities specialist, offering solutions for institutional and retail investors and advisers.

Gonzalez commences with DNR on 1 February 2025.