Perpetual brings change agent on board

Perpetual’s newest board member, Elizabeth Proust, has “demonstrated an ability to turn round organisations and to make major changes and efficiencies while delivering customer services”, according to Robert Savage, the company’s chair.

“;Also of great value to Perpetual will be her strengths in human resources, public affairs and strategy development, and her strong knowledge of board processes and governance through her many senior executive and board roles,”; Savage said in a statement. Proust, whose appointment was announced yesterday, has over 20 years experience at a senior level in both the public and private sector. Her last role was as head of Esanda at ANZ – one of the various roles she filled in her eight years at the bank. She is also chair of the Melbourne Symphony Orchestra and a trustee of the National Breast Cancer Foundation.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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