Perpetual launches new family office
Perpetual Private is enhancing its family office services through the creation of a new team dedicated to family office clients, appointing Nick Lipscombe to head the team.
He would commence the role in March, leading the new national team based in Sydney.
An additional four specialists would join in March: Michelle Maynard as partner, Frederick Cotter and Peter Whitehead as associate partners, and Leonie Rigney as associate.
Lipscombe would be responsible for developing and extending Perpetual’s existing family office service which focused on ultra-high net worth clients and family offices.
He had over 20 years’ experience across international banking, property, financial markets and family office services.
Lipscombe joined from Mutual Trust where he was partner and head of Sydney, and part of the national leadership team.
Mark Smith, Perpetual Private group executive, said the creation of the new team was key to Perpetual Private’s advice business as it continued to focus on meeting client needs and enhancing its existing offering.
“Our breadth of services and commitment to deep client relationships underpins everything we do, so extending our resources and capability in the family office space is a natural progression for our business,” Smith said.
“Nick’s extensive experience gained both in Australia and overseas, together with his expertise in family office will be a great asset to head up this new team and in creating a truly holistic client offering. I look forward to welcoming Nick and the team to Perpetual.”
Lipscombe said Perpetual’s long-standing experience with clients, its trustee heritage, extensive philanthropic capability combined with its accounting, tax and advisory services was very complementary to family office services, providing a very comprehensive client offering.
“The combined expertise of the Family Office team and Perpetual’s other specialists, is in my view, the strongest in the market,” Lipscombe said.
“We are looking forward to bringing that expertise to clients and working closely with the broader Perpetual team.”
AUTHOR
Chris Dastoor
Recommended for you
The last year has seen a number of appointments and exits in the ETF space, particularly with C-suite roles.
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
