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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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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