Board changes at Pengana as Negus departs

Pengana Bank of Queensland boards

29 March 2023
| By Laura Dew |
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Pengana Capital has announced board changes as non-executive director Warwick Negus takes up a role as chairman of Bank of Queensland (BOQ).

In a statement to the Australian Securities Exchange (ASX), the firm said Negus would retire from the Pengana board in order to focus on his BOQ role. 

He had sat on the Pengana board since 2017 as well as in his other board roles at firms, including BOQ, Virgin Australia and Dexus Funds Management.

To replace him, Brendan O’Dea had been appointed as a non-executive director. 

O’Dea is currently chief investment officer of investment manager Washington H. Soul Pattinson and Company. He also spent 22 years at Citigroup in Sydney, New York and Asia.

Negus had previously been a non-executive director at Washington H. Soul Pattinson from 2014 until December 2022.

Current Pengana non-executive director, David Groves, would be appointed as independent non-executive chairman from 1 April, 2023.

Groves said: “We are all appreciative of the efforts Warwick has made in the development of Pengana Capital Group over the years of his involvement, and we wish him well as he further develops his career as an independent company director.”

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