Australia's Pacific Current falls; chooses insider as acting CEO

Pacific Current

01/07/2024 02:55

** Shares of Australia's Pacific Current  PAC.AX  fall as
much as 4.2% to A$10.61
        ** Stock set for biggest intraday fall since April 16 if
losses hold
  
    **  The multi-boutique asset management firm appoints
Michael Clarke as its acting chief executive
    ** Clarke is currently a non-executive director on co's
board
    ** Clarke is the former acting chief executive of Challenger
Fund Management, a local money manager
    ** Stock has risen 26.1% this year, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))