Perpetual flags acquisitions in wake of key departure

chief-financial-officer/chief-executive/australian-securities-exchange/

2 December 2009
| By By Mike Taylor |

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 days 6 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5