Board changes at Pengana as Negus departs
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.”
AUTHOR
Laura Dew
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
