Perpetual Corporate Trust has moved to support the ongoing expansion of its corporate trustee business with two key promotions.
The company announced this week it had appointed Vicki Riggio to the role of general manager, management services, and Philip Blackmore as the new head of wholesale trustee, succeeding Riggio.
It said that Riggio would now have responsibility for the trust management, accounting, and investment management services offered to Perpetual's debt capital markets and managed fund clients across Australia and offshore.
Riggio was the head of wholesale trustee, responsible for the delivery of trustee services to a portfolio of funds in excess of $40 billion. During her time at Perpetual, she has also been responsible for Perpetual's debt markets trustee operations and ongoing trustee compliance arrangements.
In replacing Riggio as head of wholesale trustee, Blackmore brings 19 years' financial services experience to the role, including nine years working within Perpetual's Group Risk team.
Commenting on the promotions, Perpetual Corporate Trust group executive, Chris Green, said they highlighted the company's commitment to developing staff and promoting from within the organisation.