Another Perpetual executive walks
Perpetual Trusteeshas lost another of its senior executives following the resignation today of Personal Financial Services group executive, Rohan Mead.
The departure, which comes hot on the heels of group chief financial officer Michael Stefanovski’s resignation late last month, adds to a string of senior departures over the past 18 months that includes former chief executive officer, Graham Bradley and head of Australian equities, Peter Morgan.
Mead will leave Perpetual to head-up another - possibly competitor - financial services group.
“It’s a chief executive appointment for an organisation of similar dimensions to Perpetual, however at this stage I am unable to reveal any names due to sensitivities at the other end,” Mead says.
Mead says he will commence his new role at the helm of the undisclosed organisation in the new year, although he hopes to reveal the identity of the firm within three weeks.
In the short-term he will provide assistance to Perpetual - at least over the next few weeks - as it endeavours to fill the vacated role.
Mead has been at Perpetual for eight years and held a variety of business development and strategy roles before taking on the role of Personal Financial Services group executive in 2001.
Recently appointed group managing director David Deverall says Perpetual accepts the resignation with regret as Mead had made a valuable contribution to the group in time there.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
