In an ASX statement, the company said management and executive committee changes would lead to efficiencies.
Asset management will benefit from strong regional oversight and leadership based in Australia and internationally will be retained.
However, distribution will evolve towards an international and national model as international leadership is consolidated.
As a result, the company has appointed Craig Squires as Director of Transition Services and James MacNevin as Chief Operating Officer (COO).
Replacing him as COO, MacNevin will join Perpetual from State Street Global Advisors (SSGA) where he led the Asia Pacific region. At Perpetual, he will be responsible for technology and operational platforms, data governance, change management and strategic vendor partnerships, as well as the successful completion of the transaction with KKR.
Meanwhile, Sam Mosse, Chief Risk Officer and Sustainability Officer, will leave the company in 2025 and hand over to Allan Lo Proto who will be appointed Chief Risk Officer and has been with Perpetual since 2010.
There will be no changes to wealth management and corporate trust leadership roles or management team structures.
Bernard Reilly, CEO and Managing Director, said: “These changes are a first step in positioning Perpetual to become more efficient and become a standalone, global, multi-boutique asset management business, following the successful completion of acquisition of wealth management and corporate trust. by KKR.
“We are evolving our leadership model with a focus on relevant asset management expertise, clearer lines of accountability, agility and faster decision-making to serve our clients. We plan, over time, to limit the functions of our core group and maintain regional support where it contributes to the growth of our business or where there are clear benefits of scale.
