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.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
