Perpetual CFO moves up
Perpetual has announced that its current chief financial officer, John Nesbitt, will head the newly formed private wealth division as group executive.
Nesbitt will assume the role in early 2008 after a replacement has been found for his current role.
The new private wealth division was formed in September after Perpetual’s new organisation structure included the company’s direct to customer businesses, Perpetual Private Clients, and direct to customer funds management arm.
Perpetual’s chief executive officer and managing director David Deverall said Nesbitt was appointed to the role following an exhaustive internal and external search.
“Our vision for Private Wealth is to be the wealth adviser of choice for financially successful Australians, and we took the view that John had the right business acumen and experience to drive that vision,” he said.
“He has had in-depth exposure to the private wealth business through his role as a director of our subsidiary boards, plus extensive experience in growing businesses including M&A, contract negotiation, project execution, change management and new business integration.”
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