L1 Group chief executive to depart, successor announced

The chief executive and managing director of L1 Group, the product of the L1 Capital and Platinum Asset Management merger, Jeff Peters, has announced he will be stepping down from the role today, with Julian Russell named as his replacement.

The personnel changes were confirmed in a series of announcements made to the Australian Securities Exchange (ASX), with Peters remaining at the firm for a “transitional period” until mid-2026.

Peters was first appointed chief executive of Platinum Asset Management in 2024, and guided the business through its merger with L1 Capital to form L1 Group which was finalised on 1 October.

“On behalf of the L1G Board, we would like to thank Jeff for his significant contribution to the company,” Guy Strapp, L1 Group Chair, said.

“He played a key role in stabilising clients and restructuring the business, positioning the company for the merger with L1 Capital, and for the future.”

Russell brings over 25 years of experience in investment banking and financial services, having enjoyed time in executive leadership roles at FleetPartners (formerly Eclipx Group) and as Co-Head of Financial Institutions at UBS Investment Bank in Australia.

“Rafi and I are delighted to have Julian leading the L1 Group. I’ve had the pleasure of knowing Julian for many years and have always been impressed by his strategic thinking, financial acumen and shareholder friendly mindset,” Mark Landau, L1 Group founder, said.

“He has deep knowledge of the financial services industry, extensive deal structuring and treasury skills, along with experience leading and energising entrepreneurial teams at both UBS and Eclipx.”

Russell said he was looking forward to commencing in his new role at L1 Group.

“The platform is well positioned with many material growth opportunities ahead. We have an exceptionally talent team, strong client relationships and a great performance track record across our funds,” he said.

“I look forward to working with our team, clients and partners to continue building on the group’s momentum. We will remain focused on putting investors first to drive the best shareholder outcomes.”