L1 Group CEO Jeff Peters Exits Following October 2025 Merger Completion

Leadership Change at L1 Group

L1 Group Limited (ASX, L1G) has announced a significant leadership change with Jeff Peters stepping down as Chief Executive Officer and Managing Director, effective immediately on 29 October 2025. Peters’ departure comes shortly after the completion of a major corporate milestone, the merger with L1 Capital finalized on 1 October 2025.

Since his appointment in January 2024, Peters has been credited with stabilising the company during a challenging period, guiding it through restructuring efforts and positioning it for the merger that now defines its future trajectory. His leadership was instrumental in navigating the complexities of this integration, which aims to strengthen L1 Group’s footprint in the investment management sector.

Transition and Future Direction

The company has appointed Julian Russell as the incoming CEO and Managing Director, signaling a new chapter for L1 Group. Peters will remain with the company until mid-2026 to ensure a smooth handover and support Russell’s transition into the role. This extended overlap suggests a deliberate approach to maintaining operational continuity and client confidence during the leadership handoff.

Chairman Guy Strapp expressed gratitude for Peters’ contributions, highlighting his role in stabilising clients and restructuring the business. The board’s public acknowledgment underscores the importance of Peters’ tenure and the strategic groundwork laid for the merged entity’s future.

Implications for Investors and Market

While the announcement does not delve into the reasons behind Peters’ decision to step down beyond "ongoing discussions," the timing, soon after the merger completion, raises questions about the company’s strategic direction under new leadership. Investors will be watching closely to see how Russell’s vision aligns with the merged company’s goals and whether further structural changes or strategic initiatives will follow.

Overall, this leadership transition marks a pivotal moment for L1 Group as it seeks to capitalise on the merger’s potential and navigate the evolving investment management landscape.