Platypus AM names next CEO

Platypus Asset Management, a Sydney-based boutique equities specialist firm, has appointed long-serving portfolio manager Jelena Stevanovic to chief executive.

Stevanovic, a more than 15-year veteran of Platypus, joined the boutique asset manager in 2008 as a senior equities analyst before her appointment, in 2016, as portfolio manager for the firm’s flagship equities portfolio.

She replaces Gary Adamson, the firm’s CEO since 2016, who announced his retirement after more than 20 years with the firm and nearly 40 years in the financial sector.

Stephen Butel, an analyst with Platypus since 2017, will step into Stevanovic’s former role as portfolio manager.

Welcoming the firm’s next chief executive, Platypus chair Geoff Black recognised Stevanovic as a “valued and respected leader” in the business.

“[Her] deep understanding of, and contribution to, Platypus’ people-centred and collegiate culture has been well received by staff and clients.

Black added: “Jelena is uniquely placed to build on Platypus’ strong track record as one of Australia’s leading equities funds management businesses and we look forward to watching her positively shape the business in future.”

Commenting on her appointment, Stevanovic said she was “delighted to have been given this opportunity”.

“Platypus’ strong performance track record, its talented and diverse team and client-first culture have underpinned the success of the business over the last two decades.

“I am very much looking forward to building on these successful foundations, to deliver superior outcomes for a broader range of investors into the future.”

Black also paid tribute to the outgoing Adamson, recognising his “exceptional leadership and vision” as chief executive, as well as the “significance of [his] contribution” as chief operating officer when he joined the firm in 2003.

“Over this time Platypus has grown from managing $40 million in assets in 2003 to some $5 billion in assets and funds under advice on behalf of some of Australia’s largest institutions and super funds,” Black said.

Founded in 1998, Platypus currently manages approximately $5 billion in assets on behalf of some of Australia’s largest superannuation funds and institutions, as well as a base of smaller investors.