Perpetual Corporate Trust is Australia’s leading provider of corporate trustee services to fund managers and institutional investors both local and global.
With a deep understanding of the market across Australia and Asia-Pacific, Perpetual has the legal, accounting and funds management expertise to offer a range of responsible entity, trustee and custodial services to clients large and small.
We work with sovereign wealth funds, pension funds and fund managers ranging from large, global players to domestic boutique managers. Our services simplify administration and minimise the compliance and regulatory burden for our clients.
Experience and Expertise
Cross Border Specialists
Scale and Strength
Whether you’re working with listed or unlisted assets, wholesale or retail investors, Perpetual’s Responsible Entity team can help you meet all your compliance and governance needs as you launch and/or run your managed investment scheme.
Our experience, relationships and deep knowledge of the local market and its regulation means we can help you launch your scheme on time and operate the fund with a view to ensuring compliance and governance responsibilities are met.
Our independent Responsible Entity services provide cost effective solutions for specialised risk management and independent oversight.
We have experience in dealing with complex transactions and are the only independent provider of Responsible Entity services for listed vehicles including specialist listed financing vehicles or funds.
Perpetual also offers our clients access to the mFund Settlement Service. For a list of available funds for investment, please click here.
RESPONSIBLE ENTITY SERVICE MODEL
As the Responsible Entity we offer independent oversight and work with the investment manager and appointed intermediaries to ensure the smooth set-up and running of the fund.
Wholesale Trustee Services
As your wholesale trustee, we’ll be responsible for the compliance and governance of your wholesale trust – ensuring it operates within the terms of the trust constitution, other governing documents and the law.
We provide wholesale trustee services to a diverse client base , ranging from some of the largest global investors to boutique domestic fund managers. Asset wise, our specialties include property, infrastructure, agricultural assets, private equity and alternatives.
As trustee, Perpetual has also worked with domestic general insurers and global reinsurers in the Australian market to set up one or multiple trusts to hold the collateral required to meet APRA’s capital adequacy requirements.
As custodian, we act as agent for our clients. Our role is to legally hold, safeguard and administer a range of assets including property, mortgages, private equity, infrastructure and debt. Assets are held and managed in accordance with the custody agreement and any regulatory obligations.
As custodian, we’re also obliged to act on all properly authorised instructions, helping you to manage and safeguard your investment portfolio to the highest standards.
The Managed Investment Trust (MIT) withholding tax regime gives foreign investors significant withholding tax benefits if they are a resident of a country with an effective exchange of tax information agreement with Australia.
Since the MIT regime was introduced in 2010, Perpetual has facilitated more than $17 billion worth of investment (as at December 2014) in these schemes and built a strong track record in the growth areas of property and infrastructure. We provide global investors with what they need most - access to local knowledge and compliance oversight.
Our MIT service model
MIT TRUSTEE ROLE
- Facilitates a MIT compliant structure
- Provides independent fiduciary oversight
- Ensures compliance with regulatory and trust document requirements
- Oversees operations and administration of the Trust
MIT Custodian services
- Holding assets in safe custody
- Manages corporate actions and the required document execution
- Operate trust bank accounts.
Richard McCarthy is General Manager, Sales and Product and is responsible for growing Perpetual Corporate Trust’s business through new product initiatives, sales and marketing.
Richard has over 18 years’ experience in providing trustee, custody and administration services to the debt capital markets and funds management industry.
Richard joined Perpetual Corporate Trust in August 2007 and has worked across its trust and fund services businesses.
For the twelve months prior to joining Perpetual in August 2007, Richard was the Head of Relationship Management at BNY Mellon’s Corporate Trust Division in Sydney and was an integral part of the transition of JPMorgan Sydney's corporate trust business to The Bank of New York in 2006.
Prior to this, Richard spent eight years in JPMorgan's (Chemical and Chase Manhattan Bank) Institutional Trust Services business in London before moving to JPMorgan Sydney in August 2003 to integrate the business acquisition of Guardian Trust. Richard was a Responsible Officer and his integration role included Business Development, Relationship Management, Risk, Compliance, Operations and Analytics.
Cec Charter is Senior Sales & Relationship Manager for Perpetual Corporate Trust with responsibility for business development, predominantly within the funds segment.
Cec has over thirty-five years’ experience in financial services across banking, finance and trustee services.
Previously he worked at The Trust Company, prior to it being acquired by Perpetual in 2013, and has also previously held senior roles with Westpac, Bank of New York Mellon and National Australia Bank. He spent five years in the Westpac Chicago Office with global responsibility for the auto manufacturing segment.
Cec has extensive experience working with global and local institutional investors acquiring assets in Australia and with fund managers setting up funds in the Australian market.
Glen is Head of Sales and Relationship Management at Perpetual Corporate Trust with responsibility for business development for the Managed Funds and Debt Markets sectors covering Australia, Europe and the America's. His strength lies in developing client relationships and business development strategies - skills he has honed over his 15 years in the financial services industry.
Glen has expertise in establishing fund vehicles for local and global fund managers across a broad range of asset classes. Prior to this Glen was based in Singapore for 5 years as Senior Vice President where he was instrumental in growing our Asian trustee business, primarily responsible for assisting our clients list on the Singapore Stock Exchange.
Greg White is Sales and Relationship Manager and is responsible for business development and relationship management primarily within the debt capital markets.
Greg has deep expertise and relationships in this segment having worked with Perpetual Corporate Trust for over 14 years in the Corporate & Structured Finance team, Transaction Management and most recently in the Sales & Product team as Product Manager, overseeing new markets and product development.
Prior to working at Perpetual Greg worked at ANZ Institutional Bank in relationship management and credit analysis, Bendigo Bank and Monte Dei Paschi Di Siena (Italian Merchant Bank).
Greg has over 21 years’ experience in the banking and financial services sector.
Matthew Allen is Senior Vice President, Singapore. From his base in Singapore, Matthew has responsibility for business development and relationship management throughout Asia. He has developed a deep and broad knowledge of the investment landscape across multiple asset classes including property, infrastructure and credit. His key relationships with lawyers, accountants, global custodians, prime brokers, administrators and consultants are invaluable to clients in both the establishment and ongoing servicing of their funds.
Matthew was formerly Senior Sales & Relationship Manager for Perpetual Corporate Trust based in Sydney, Australia. Matthew was instrumental in growing its fund services business which included Responsible Entity, Trustee, Custody and Fund Administration services. He has worked extensively with both local and offshore Fund Managers in the establishment and launch of their funds.