Perpetual restructure
David Deverall
Perpetual Limited has created a range of new business units as part of a far-reaching restructure announced this week.
Perpetual’s managing director and chief executive David Deverall said under the restructure new business units had been created covering Australian Equities, Global Equities, Income and Multi-Sector, Private Wealth and Operations.
He said that all other existing business units comprising Corporate Trust, Finance, Risk and People and Culture remained unchanged.
Deverall said each unit would be headed by a group executive who would be part of Perpetual’s executive committee and report directly to Perpetual’s managing director and chief executive officer.
He said the initiative created greater alignment between Perpetual’s business strategy and its organisation structure.
From an advisory perspective, the most significant element of the restructure is the creation of the Private Wealth division, which will encompass all current and future direct-to-customer businesses including Perpetual Private Clients and direct funds management.
AUTHOR
Mike Taylor
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