Platinum Asset Management Limited announced that as of 31 August 2020, Kerr will step down from his analyst role with Platinum, whilst still continuing in his role as a director of Platinum Asset Management Limited, albeit it in a non-executive capacity. The company also announced that Michael Cole will retire as a non-executive director of the Company and the Chairman of the Board, effective 20 November 2020, after the close of the AGM. Guy Strapp will join the Board as a non-executive director of the Company effective 27 August 2020 and will assume the role of Chairman of the Board effective 21 November 2020, following Michael Cole's retirement. Strapp has over 35 years experience of roles in Australia and abroad at Bank of America, JP Morgan Investment Management, Citigroup Asset Management and BT Financial Group. More recently, he held the positions of CIO and CEO of Eastspring Investments (formerly Prudential Asset Management) in Hong Kong.