Pacific Current Group has confirmed key leadership appointments with Michael Clarke named Managing Director and CEO, and Ron Patel taking on the role of Acting CFO, signaling continuity and financial stewardship.
- Michael Clarke appointed Managing Director and CEO effective 13 November 2025
- Ron Patel named Acting Chief Financial Officer starting 1 December 2025
- Clarke maintains existing remuneration arrangements
- Patel brings over 17 years of experience within Pacific Current
- Leadership changes aim to strengthen financial oversight and strategic execution
Leadership Transition at Pacific Current
Pacific Current Group Limited (ASX – PAC), a multi-boutique asset management firm, has announced significant changes to its executive leadership team. Michael Clarke, who has served as Executive Director and Acting CEO since mid-2024, has been formally appointed as Managing Director and CEO effective 13 November 2025. This appointment reflects the board’s confidence in Clarke’s leadership during a period of strategic evolution.
Clarke’s promotion comes without any alteration to his current remuneration package, suggesting a seamless transition aimed at maintaining stability within the company’s upper management. His tenure has been marked by a focus on portfolio valuations and delivering critical insights into the firm’s investment composition, underscoring his deep operational involvement.
Financial Leadership Reinforced
Complementing Clarke’s appointment, Ron Patel has been named Acting Chief Financial Officer effective 1 December 2025. Patel’s longstanding association with Pacific Current, dating back to 2008, includes senior roles across finance and investment analysis. Most recently, as Head of Finance – Investment Analysis and Valuations, he played a pivotal role in enhancing financial reporting and driving structural improvements.
Patel’s credentials are robust – he is a CFA® Charterholder, a Certified Practising Accountant, and a member of the Australian Institute of Company Directors. His academic background includes a Master of Professional Accounting from the University of New England. This blend of technical expertise and institutional knowledge positions him well to steer the company’s financial strategy during this interim period.
Strategic Implications and Market Confidence
The board’s public endorsement of both Clarke and Patel signals a commitment to continuity and operational excellence. Pacific Current’s portfolio, which spans eight boutique investment firms globally, requires steady leadership to navigate the complexities of asset management in a competitive environment. These appointments may also be interpreted as preparatory steps ahead of potential strategic initiatives or market expansions.
While the announcement does not detail any immediate changes to company strategy or remuneration beyond Clarke’s current terms, investors will be watching closely for subsequent communications that might reveal the new leadership’s vision. The emphasis on financial reporting and portfolio oversight suggests a focus on transparency and value creation.
Overall, Pacific Current’s management reshuffle appears measured and deliberate, aimed at reinforcing the company’s foundations while positioning it for future growth.
Bottom Line?
Pacific Current’s leadership updates set the stage for steady governance amid evolving market dynamics.
Questions in the middle?
- Will Michael Clarke’s formal appointment lead to strategic shifts or new growth initiatives?
- How long will Ron Patel serve as Acting CFO, and is a permanent appointment forthcoming?
- What impact will these leadership changes have on Pacific Current’s financial performance and investor confidence?