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Perpetual appoints new chief financial officer

Rachael Micallef  |  11 Dec 2012Text size  Decrease  Increase  |  

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Rachael Micallef is a journalist with InvestorDaily, a Sterling publication.

 

Perpetual Limited (PPT) has announced the promotion of Gillian Larkins as new chief financial officer through the company's internal succession program.

Larkins is currently Perpetual's group executive transformation officer and her appointment comes as part of Perpetual Transformation 2015 program, which aims to simplify the company's corporate structure, refocus its operational activities and capture new opportunities for growth.

"It's terrific that the right candidate for the CFO role was already available within the company," Perpetual chief executive and managing director Geoff Lloyd said.

"The Transformation 2015 program is now well underway and making good progress. Given the importance of the CFO in the execution of the program, having someone in the role who is also intimately familiar with its various initiatives will be beneficial."

Larkins will assume her new role in January next year, taking over from Roger Burrows, who will continue in a transition role until early February.

Larkins joined Perpetual in October 2012 from Westpac Institutional Bank, where she held a role as chief financial officer and managing director.

Angus Benbow will take over Larkins' role within the Transformation Office and will be reporting directly to Lloyd.

The appointment comes after recent changes within Perpetual's senior management. In November, Burrows resigned to accept a role at Asciano Limited (AIO), a national rail freight and ports operator.

Following Burrows' resignation, Mark Smith commenced a role as group executive of Perpetual Private, the wealth advice business of Perpetual Limited.

Smith was appointed earlier in the year and took over from acting group executive, Nick Langton, who reverted back to his role of general manager private client advice.

Earlier this month, Robert Graham-Smith was appointed as a new portfolio manager to oversee absolute return portfolios.