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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Funds SA goes ‘TPA-lite’ to break free from ‘benchmark slavery’

The $50 billion investment manager for the South Australian state government is moving towards a “lite” version of the total portfolio approach, with chief investment officer Con Michalakis determined not to miss a good investment opportunity just because it doesn’t fit into an asset class bucket.

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