Perpetual Management

Management criteria checks 1/4

Perpetual's CEO is Rob Adams, appointed in Sep 2018, has a tenure of 5.58 years. total yearly compensation is A$3.38M, comprised of 37.7% salary and 62.3% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth €951.04K. The average tenure of the management team and the board of directors is 1.3 years and 4.6 years respectively.

Key information

Rob Adams

Chief executive officer

AU$3.4m

Total compensation

CEO salary percentage	37.7%
CEO tenure	5.6yrs
CEO ownership	0.06%
Management average tenure	1.3yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob Adams's remuneration changed compared to Perpetual's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$67m
Sep 30 2023	n/a	n/a	AU$63m
Jun 30 2023	AU$3m	AU$1m	AU$59m
Mar 31 2023	n/a	n/a	AU$64m
Dec 31 2022	n/a	n/a	AU$69m
Sep 30 2022	n/a	n/a	AU$85m
Jun 30 2022	AU$3m	AU$1m	AU$101m
Mar 31 2022	n/a	n/a	AU$103m
Dec 31 2021	n/a	n/a	AU$104m
Sep 30 2021	n/a	n/a	AU$89m
Jun 30 2021	AU$2m	AU$1m	AU$73m
Mar 31 2021	n/a	n/a	AU$66m
Dec 31 2020	n/a	n/a	AU$58m
Sep 30 2020	n/a	n/a	AU$70m
Jun 30 2020	AU$2m	AU$1m	AU$82m
Mar 31 2020	n/a	n/a	AU$95m
Dec 31 2019	n/a	n/a	AU$107m
Sep 30 2019	n/a	n/a	AU$112m
Jun 30 2019	AU$2m	AU$981k	AU$116m

Compensation vs Market: Rob's total compensation ($USD2.22M) is above average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Rob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Rob Adams (56 yo)

5.6yrs

Tenure

AU$3,384,271

Compensation

Mr. Robert William Adams, also known as Rob, has been Managing Director and Chief Executive Officer at Perpetual Limited since September 24, 2018 and also Director since September 26, 2018 and also serves...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Adams	MD, CEO	5.6yrs	AU$3.38m	0.058% A$ 951.0k
Christopher Green	Chief Financial Officer	5.5yrs	AU$1.41m	0.028% A$ 456.2k
Mark Smith	Chief Executive of Perpetual Private	1.3yrs	AU$1.21m	0.031% A$ 511.0k
David Lane	Chief Executive of Perpetual Asset Management - Americas	1.3yrs	AU$1.93m	0.017% A$ 271.2k
Sam Mosse	Chief Risk & Sustainability Officer	1.3yrs	AU$1.23m	0.0051% A$ 83.4k
Alexandra Altinger	Chief Executive of Perpetual Asset Management - UK	1.3yrs	AU$715.42k	0.0056% A$ 92.7k
Craig Squires	Chief Operating Officer	less than a year	no data	no data
Susie Reinhardt	Head of Investor Relations	no data	no data	no data
Kristen Allen	General Manager of Corporate Communications	no data	no data	no data
Paul Chasemore	Chief People Officer	no data	AU$57.00k	no data
Michael Korber	Managing Director of Credit & Fixed Income	4.3yrs	no data	no data
Michael O'Dea	Head of Multi Asset	9.8yrs	no data	no data

1.3yrs

Average Tenure

Experienced Management: PVQ's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Adams	MD, CEO	5.6yrs	AU$3.38m	0.058% A$ 951.0k
Philip Wagstaff	Independent Director	less than a year	no data	no data
Anthony D'Aloisio	Independent Chairman	7.3yrs	AU$340.00k	0.0081% A$ 133.4k
Mona Aboelnaga Kanaan	Independent Non-Executive Director	2.8yrs	AU$325.71k	0.00091% A$ 14.9k
Nancy Fox	Independent Director	8.6yrs	AU$227.00k	0.0061% A$ 100.1k
Christopher Mark Jones	Independent Non-Executive Director	1.3yrs	AU$164.05k	0.0068% A$ 111.5k
Fiona Trafford-Walker	Independent Director	4.3yrs	AU$195.00k	0.0030% A$ 49.9k
Ian Hammond	Independent Director	9.1yrs	AU$213.00k	0.019% A$ 306.3k
Gregory John Cooper	Independent Non-Executive Director	4.6yrs	AU$217.26k	0.014% A$ 235.5k

4.6yrs

Average Tenure

57.5yo

Average Age

Experienced Board: PVQ's board of directors are considered experienced (4.6 years average tenure).

Perpetual Management

Management criteria checks 1/4

Key information

Recent management updates

Perpetual Limited Announces Executive Changes

Perpetual Limited Announces Board Changes

Perpetual Limited Provides Executive Committee Update

Perpetual Limited Announces Board Changes

Perpetual Limited Announces Appointment of Pendal Directors to the Perpetual Board

Perpetual Limited, Annual General Meeting, Oct 19, 2023

Recent updates

Upcoming dividend of AU$0.65 per share

First half dividend of AU$0.65 announced

Perpetual Limited to Report Fiscal Year 2024 Results on Oct 31, 2024

Washington H. Soul Pattinson and Company Limited cancelled the acquisition of Perpetual Limited (ASX:PPT) for AUD 2.7 billion.

Perpetual Limited Announces Executive Changes

Perpetual Limited Announces Board Changes

Perpetual Limited to Report First Half, 2024 Results on Feb 23, 2024

Upcoming dividend of AU$0.65 per share at 5.7% yield

Perpetual Limited Announces Fully Franked Dividend for the Six Months Ended June 30, 2023, Payable on September 29, 2023

Full year 2023 earnings released: EPS: AU$0.73 (vs AU$1.80 in FY 2022)

Perpetual Limited Provides Executive Committee Update

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of AU$0.55 per share at 8.5% yield

First half 2023 earnings released: EPS: AU$0.47 (vs AU$1.05 in 1H 2022)

Perpetual Limited Announces Special Dividend for the Quarter Ended September 30, 2022, Payable on February 8, 2023

Perpetual Limited Announces Board Changes

Perpetual Limited (ASX:PPT) completed the acquisition of acquire Pendal Group Limited (ASX:PDL) from a group of shareholders.

Perpetual Limited Confirms Special Dividend, Payable on 8 February 2023

Perpetual Limited Resolves Special Dividend for the 3-Month Period Ending 30 September 2022, Payable on 8 February 2023

Perpetual Limited Announces Appointment of Pendal Directors to the Perpetual Board

Perpetual Limited, Annual General Meeting, Oct 19, 2023

Perpetual Limited Promotes Vince Pezzullo as Head of Equities Within Perpetual Asset Management Australia

Regal Partners Limited (ASX:RPL) and Morello Pte. Limited cancelled the acquisition of Perpetual Resources Limited (ASX:PEC).

Investor sentiment improved over the past week

Regal Partners Limited (ASX:RPL) and Morello Pte. Limited made an offer to acquire Perpetual Limited (ASX:PEC) for AUD 1.7 billion.

Independent Director recently bought €803k worth of stock

Upcoming dividend of AU$0.97 per share

Full year 2022 earnings released: EPS: AU$1.80 (vs AU$1.32 in FY 2021)

Perpetual Limited Announces Fully Franked Dividend for Six Months Ended June 30, 2022, Payable on September 30, 2022

Perpetual, Pendal Deal Likely After Weekend Talks

IGO Nickel Holdings Pty Ltd completed the acquisition of Western Areas Limited (ASX:WSA) from Perpetual Limited (ASX:PPT), Wyloo Consolidated Investments Pty Ltd and others.

Perpetual Limited, Annual General Meeting, Oct 20, 2022

Perpetual Limited (ASX:PPT) entered into non-binding indicative proposal to acquire Pendal Group Limited (ASX:PDL) from a group of shareholders for AUD 2.6 billion.

Upcoming dividend of AU$1.12 per share

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Perpetual Limited Declares an Interim Ordinary Dividend for the Six Months Ended 31 December 2021, Payable on 1 April 2022

Perpetual Limited Announces the Resignation of Richard McCarthy as Director of the Responsible Entity

Perpetual and Barrow Hanley Launch Two Mutual Funds

Upcoming dividend of AU$0.96 per share

Full year 2021 earnings released: EPS AU$1.35 (vs AU$1.76 in FY 2020)

Perpetual Limited (ASX:PPT) acquired Jacaranda Financial Planning Pty Ltd.

Independent Director recently bought €65k worth of stock

New 90-day low: €19.40

Independent Non-Executive Director recently bought €78k worth of stock

First half 2021 earnings released: EPS AU$0.54 (vs AU$1.10 in 1H 2020)

Revenue beats expectations

New 90-day high: €22.60

New 90-day high: €21.00

New 90-day high: €19.70

Perpetual Limited to Report First Half, 2021 Results on Feb 18, 2021

Perpetual Limited, Annual General Meeting, Oct 21, 2021

New 90-day low: €16.30

Independent Director recently bought €69k worth of stock

New 90-day low: €16.80

Perpetual Limited has completed a Follow-on Equity Offering in the amount of AUD 51.51 million.

Perpetual Limited (ASX:PPT) entered into a definitive agreement to acquire 75.1% stake in Barrow, Hanley, Mewhinney & Strauss, Inc. from BrightSphere Investment Group Inc. (NYSE:BSIG) for approximately $320 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age