Perpetual chief quits
Perpetual Private Clients chief Wayne Wilson is departing the company at the end of this month to take a lifestyle break.
Wilson has been with Perpetual for four years after seven years in various roles with MLC.
Wilson says he was headhunted by Perpetual to "turn an old and tired component into a healthy business,". Since joining, he has updated and implemented a strategic plan within the private clients division which has helped the division boost revenue 50 per cent and profit 100 per cent.
"We have rebuilt the way the organisation is operated around the company and accelerated key things," he says.
Perpetual is yet to employ a permanent successor, however NSW regional manager Andrew McKee will step in to the acting group executive role.
McKee worked at MLC in actuarial and project roles before joining Perpetual in February 1997, three months after Wilson. He was one of several people Wilson convinced to jump ship from MLC to Perpetual.
For the past three months, McKee has been working alongside Wilson to ensure a smooth transition.
McKee will report to Perpetual Trustees Australia managing director Graham Bradley.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
