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.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
