Wealth Manager CEO hands over control early
(14 February 2011 – Australia) THE chief executive of Perpetual, David Deverall, will hand over leadership to his successor Chris Ryan on Monday.
Mr Deverall also outlined his plans for the future to the wealth management giant’s staff today, though he gave little indication of the next step in his corporate career.
In an email just delivered, Mr Deverall appeared keen for a six-month holiday that will focus on golf, running and his children’s schooling.
"While I am deliberately coy about my next steps professionally, I am happy to engage enthusiastically with you about my plans for my break. These include getting back my golf handicap (it used to be 9!) after 22 years of non-playing status at my golf club, training to break the 60 minutes barrier in August's City to Surf (after three consecutive years of 63 minute results), joining a local tennis comp (I'm a mug tennis player), and being a much more regular presence around the home for Fiona and our four kids (the eldest of whom needs to develop strong study habits because he has just started Year 11).
"I'll do a bit of travel, but I've got to say that I'm most looking forward to being a much more integral part of family life for this period."
Mr Deverall was originally meant to stay with Perpetual until March 31, but has brought forward his leaving date to Friday, March 4. He was at the helm of Perpetual for seven years.
Mr Ryan was considered a surprise choice for the top job. He most recently held an advisory role with Citibank's global transaction services business in Hong Kong.
In an email just delivered, Mr Deverall appeared keen for a six-month holiday that will focus on golf, running and his children’s schooling.
"While I am deliberately coy about my next steps professionally, I am happy to engage enthusiastically with you about my plans for my break. These include getting back my golf handicap (it used to be 9!) after 22 years of non-playing status at my golf club, training to break the 60 minutes barrier in August's City to Surf (after three consecutive years of 63 minute results), joining a local tennis comp (I'm a mug tennis player), and being a much more regular presence around the home for Fiona and our four kids (the eldest of whom needs to develop strong study habits because he has just started Year 11).
"I'll do a bit of travel, but I've got to say that I'm most looking forward to being a much more integral part of family life for this period."
Mr Deverall was originally meant to stay with Perpetual until March 31, but has brought forward his leaving date to Friday, March 4. He was at the helm of Perpetual for seven years.
Mr Ryan was considered a surprise choice for the top job. He most recently held an advisory role with Citibank's global transaction services business in Hong Kong.
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