Perpetual flags acquisitions in wake of key departure
Perpetual has found itself in the market for a new head of private wealth following the loss of John Nesbitt, who has been recruited by Queensland's Suncorp as chief financial officer.
The departure of Nesbitt was announced to the Australian Securities Exchange late yesterday and sees Perpetual's private wealth division in the hands of Paul Ryan and Shailendra Singh, who have been appointed acting joint heads.
Announcing the appointment of Singh and Ryan, Perpetual chief executive David Deverall said the company had a number of acquisition and organic growth initiatives underway within its private wealth division and that the pair were closely involved in those projects.
Nesbitt had previously been chief financial officer at Perpetual.
Announcing Nesbitt's appointment, Suncorp chief executive Patrick Snowball said the company had been seeking someone with the ability to drive financial strategy.
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