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People: Adams rings the changes at Perpetual

Rob Adams

Perpetual’s recently appointed CEO Rob Adams has started making changes in the company’s executive ranks. Richard McCarthy has been appointed group executive Perpetual Corporate Trust, replacing Chris Green, who was appointed chief financial officer in October. McCarthy has been at Perpetual for 11 years and before that he worked at BNY Mellon and JP Morgan. A new chief risk officer position has been created in the executive leadership team and Sam Mosse will join Perpetual in February to take up that role. Mosse joins from Janus Henderson, where she was most recently head of risk and compliance Pan Asia. She has previously worked at Macquarie Group and KPMG.

Following the resignation of Bank of Queensland CEO Jon Sutton last week, for health reasons, one of the bank’s senior executives has also resigned. Brendan White, group executive BOQ Business, is leaving to take up the CEO’s job at Cash Converters. White was at BOQ for six years.

Renato Mota has been appointed acting chief executive of IOOF Holdings, following Chris Kelaher’s agreement to steps aside. Mota is IOOF’s group general manager wealth management. Allan Griffiths is acting chair, replacing George Venardos. Griffiths is a non-executive director of IOOF. Chief financial officer David Coulter, company secretary Paul Vine and general counsel Gary Riordan will remain in their positions but will have no responsibilities in relation to the management of IOOF trustee companies. Griffiths says the company will defend its position against APRA’s allegations of conflict of interest in its superannuation business.

Payments company Incentiapay announced last week that its chief executive Iain Dunstan had left the company and that Darius Coveney, chief operating officer and chief financial officer, has been appointed acting CEO. The company has recently completed an organisational restructure, selling its Bartercard and Gruden businesses. It was only last month that Coveney, who joined the company earlier this year, announced his resignation.

First Growth Funds has appointed Anoosh Manzoori as executive chair. Manzoori has a background in private equity, M&A and corporate advisory. Former chair Geoff Barnes will move into a non-executive director role.

The Government has appointed Romlie Mokak as the first full-time Indigenous Policy Evaluation Commissioner of the Productivity Commission. Mokak was recently chair of the Lowitja Institute and a member of the Canada-Australia Indigenous Health and Wellness Collaboration Working Group. In his new role he will lead the Commission’s enhanced role in Indigenous policy and program evaluation.

The Government has appointed former Liberal Senator and Cabinet Minister Nick Minchin to the Foreign Investment Review Board. Most recently, Minchin was Consul-General in New York.

Janus Henderson has appointed Michael Ho as global head of multi-asset and alternatives. He will be responsible for the company’s asset allocation for multi-strategy and alternatives worldwide. He will join the executive committee at London headquarters. Ho was most recently chief investment officer of investment solutions at UBS Asset management.