Perpetual appoints new CEO
Perpetual has a new chief executive: former ING Investment Management Asia Pacific chief executive, Chris Ryan.
The Perpetual board confirmed Ryan’s appointment today. He will succeed David Deverall, who announced his intention to depart the company last year.
Ryan will take up his appointment next month, with Deverall remaining in office until 4 March when he will conduct a hand-over to Ryan before departing the company on 23 June.
Perpetual revealed that Ryan’s remuneration would be made up of a fixed amount of $1.225 million along with both a sign-on payment of $500,000 and a one-off incentive grant of $600,000 in the form of performance shares.
Perpetual said Ryan had most recently been based in Hong Kong providing advisory services to the Citibank global transaction services business, prior to which he had been the managing director, Asia (ex-Japan), of Fidelity International.
AUTHOR
Mike Taylor
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