Perpetual Limited announced that following completion of its acquisition of Pendal Group (Pendal), the foreshadowed appointments on 12 December 2022 of Kathryn Matthews and Christopher Jones to Perpetual's Board of Directors will take effect on 24 January 2023. As part of coming onto the Board, Kathryn will join the Board's Audit, Risk and Compliance Committee and Christopher will join the Board's People and Remuneration Committee. Both will also join the Board's Investment Committee.

As part of the Board changes, existing Perpetual independent Non-Executive Director Craig Ueland will retire from the Board effective 24 January 2023. Craig has been a valued member of Perpetual's Board and was asked by the Board to stay on past the usual three terms and with the completion of the Pendal acquisition Craig feels it is an appropriate time to retire. Independent Non-Executive Director, Greg Cooper, replaces Craig as Chairman of the Board's Investment Committee.