New-look Perpetual revamps board

Perpetual pendal appointments fundsmanagement

24 January 2023
| By Charbel Kadib |
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Perpetual Limited has confirmed the appointments of Kathryn Matthews and Christopher Jones to its board of directors, effective from 24 January, 2023.

Matthews was set to join the board’s audit, risk and compliance committee, while Jones assumed a position on the people and remuneration committee.

Both appointees were also expected to join the investment committee.

The changes followed the finalisation of Perpetual’s acquisition of Pendal Group, with the deal taking effect on Monday, 23 January.

Matthews and Jones had served as independent non-executive directors with Pendal Group, and both held several decades of experience in the funds and investments management space.

“We welcome these highly experienced Pendal directors to Perpetual’s Board as we enter an exciting period as a combined group,” Perpetual Limited chairman Tony D’Aloisio, said:

“Kathryn and Christopher bring valuable global asset management expertise and their knowledge of the Pendal business will be invaluable as we integrate the businesses, while also complementing the knowledge and skills of our existing experienced directors.

“These changes further strengthen the board’s gender diversity with 44% female representation.”

Meanwhile, Perpetual announced the retirement of existing independent non-executive director Craig Ueland, also effective from 24 January.

Ueland had been asked to continue serving on the board beyond the conclusion of his term.  

Fellow independent non-executive director, Greg Cooper, would replace Ueland as chairman of the board’s investment committee.

D’Aloisio thanked Ueland for his service to the board.

“On behalf of the Perpetual Board and management, I would like to thank Craig Ueland for his contribution to Perpetual over the past decade as a board member and as chairman of the board’s investment committee.

 “He has helped to oversee significant transformation across Perpetual’s business through that time, including our more recent strategy of diversifying our business in products and internationally.” 

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