Board of Directors

Appointed Chairman and Director of the Company on 1 July 2017. Nancy Fox is a member of the Company’s Nomination and Corporate Governance Committee and the Audit and Risk Committee.

Nancy Fox is a Director of Mission Australia and its active operating controlled entities and a Director and Chairman of Mission Australia Housing. In addition, Nancy is a Director of Aspect Studios Pty Ltd, a Director of O’Connell Street Associates and the Forestry Corporation of NSW, a Trustee on the Board of Trustees of the Royal Botanic Gardens and Domain Trust and a Responsible Person of the Foundation & Friends of the Botanic Gardens.

Nancy Fox has over 30 years of experience in financial services, securitisation and risk management gained in Australia, the US and across Asia.

Nancy’s former roles were as a Non-Executive Director of Perpetual Limited, a Director of one of Perpetual’s subsidiaries, Queensland Trustees Pty Ltd, and the Deputy Chair of the RFS Benevolent Fund.

A lawyer by training, Nancy was the former Managing Director for Ambac Assurance Corporation from 2001 to 2011, Managing Director of ABN Amro Australia from 1997 to 2001 and Vice President of Citibank.

Appointed Director of the Company on 7 May 2025. Tim Bednall is a member of the Company’s Audit and Risk Committee and the Chairman of the Company’s Nomination and Corporate Governance Committee.

Tim is a lawyer and company director. He is a partner of Mallesons, where he heads the firm’s corporate governance practice and is a member of Mallesons’ Risk Committee. He is the founder and a director of Owl Advisory Pty Ltd, Mallesons’ regulatory compliance and governance risk advisory practice.

Tim is a Non-executive Director of Amplitude Energy Limited (ASX: AEL) and the Chairman of the AEL People and Remuneration Committee.

He is a board member of the National Portrait Gallery Foundation and the Program Director of the Australian Directors Program at the Melbourne Business School.’

Tim’s legal career spans over 40 years, specialising in M&A, capital markets and corporate governance. He was a former Chairman of Mallesons, a former Managing Partner of Mallesons for M&A and Tax, a former Managing Partner of the KWM European and Middle East practice and was the Law Council of Australia’s representative on the ASX Corporate Governance Council.

Appointed Director of the Company on 1 September 2023. Michael Clarke is a member of the Company’s Nomination and Corporate Governance Committee and the Chairman of the Company’s Audit and Risk Committee.

Michael Clarke is the Managing Director of Pacific Current Group Limited (ASX: PAC) and a member of PAC’s Investment Advisory Committee. He is also a Non-Executive Director of Aurora Investment Management Pty Ltd, a wholly owned subsidiary of PAC and Roc Partners Pty Limited, an entity in which PAC has a minority stake. In relation to PAC’s overseas interests, Michael is a Director of Northern Lights Alternative Advisors, LLP and Independent Financial Partners.

Michael Clarke has over 30 years of experience in asset management in both Australia and overseas. Michael has held various roles including responsibility for managing equity, fixed income and currency portfolios and building asset management businesses. His most recent leadership role was Chief Executive (acting) of Challenger Funds Management, based in Sydney. Prior to that, he was Managing Director of Russell Investments’ institutional business in Australia and New Zealand, Director of Strategy and International at AMP Capital Investors, Chief Executive and Chief Investment Officer at Goldman Sachs JBWere Asset Management, Investment Director at Equitilink Australia, and Division Director at Macquarie Bank.

Appointed Director of the Company on 13 May 2021.

Amanda Apted (Gillespie) is an Executive Director of Perpetual Investment Management Limited (PIML or the Manager), Pendal Fund Services Limited (PFSL), Pendal Institutional Limited, Perpetual Strategic Partners Limited, Perpetual Superannuation Limited and Perpetual Trustee Company Limited. She is also the Chair of PIML and PFSL Investment Governance Forum and Chief Executive of Perpetual Asset Management Australia. Amanda is responsible for leading the Australian division of Perpetual Asset Management, which includes the Australian Equities, Credit & Fixed Income, and Multi Asset investment management teams. Amanda joined Perpetual in February 2018 and has held the prior roles of General Manager Client Solutions & Strategy and more recently, General Manager Perpetual Investments.

Amanda has more than 22 years of experience in asset management and investment research. Prior to joining Perpetual, Amanda was Chief Executive Officer of Lonsec where she played a key role in leading and building out Lonsec’s investment and superannuation research and consulting capabilities.