Board of Directors

Appointed Chairman and Director on 1 July 2017. Nancy Fox is a member of the Company’s Nomination and Corporate Governance Committee and the Audit and Risk Committee from 16 October 2020.

Nancy Fox is currently a Non-Executive Director of Perpetual Limited, the Chairman of Perpetual People and Remuneration Committee a member of Perpetual Audit, Risk and Compliance Committee, Perpetual Integration Committee and Perpetual Nominations Committee and a Director of one of Perpetual’s subsidiaries, Queensland Trustees Pty Ltd. In relation to Mission Australia, she is the Chairman of Mission Australia Housing Limited, Mission Australia Housing Tasmania Limited, Mission Australia Housing (Victoria) Limited, Mission Australia Housing Northern Territory and a member of the Mission Australia People, Remuneration & Culture Committee. In addition, Nancy is a Director of Aspect Studios Pty Ltd, a member of the Aspect Studios Nominations and Remuneration Committee, a Director of O’Connell Street Associates and the Trustee for the RFS Benevolent Fund.

Nancy Fox has over 30 years of experience in financial services, securitisation and risk management gained in Australia, the US and across Asia. A lawyer by training, she was 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 on 25 August 2014. Virginia Malley is the Chair of the Audit and Risk Committee and a member of the Nomination and Corporate Governance Committee of the Company.

In relation to iCare, Virginia Malley is currently a Director of iCare, Chair of the iCare Risk Committee and a member of iCare’s Asset and Investment Committee and Audit Committee. In addition, Virginia is the Chair of the Code Review Panel for the Australian Carbon Industry Code of Conduct, Chair of the Pinnacle Fund Services Managed Investments Compliance Committee, Chair of the Maple-Brown Abbott Compliance Committee and a Director of Macquarie Investment Management Australia Limited. 

Virginia Malley has over 30 years of experience in financial services and environmental markets, corporate governance, risk management and regulatory compliance. Virginia has previously served on the boards of the Clean Energy Regulator, the Biodiversity Conservation Trust, Morphic Ethical Equities Fund Ltd, Macquarie Investment Management Ltd, Perpetual Superannuation Limited, and the Nature Conservation Trust of NSW. In her executive career, she was the Chief Risk Officer at Macquarie Funds Management Group, overseeing risk management of portfolios worth more than $85 billion and invested in clean technologies, publicly traded debt securities, listed equities, derivatives, currencies and private equity.

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

Timothy is a lawyer and company director. He is a partner of King & Wood Mallesons (KWM), where he heads the firm’s governance practice and chairs the firm’s Risk Committee. He is the founder and a director of Owl Advisory, KWM’s regulatory compliance and governance risk advisory practice.

Timothy is a Non-executive Director of Amplitude Energy Limited (ASX:AEL). He is Chairman of the AEL People and Remuneration Committee and a member of the AEL Audit Committee and the Nominations Committee.

He is a board member of the National Portrait Gallery Foundation and is the Law Council of Australia’s representative on the ASX Corporate Governance Council. 
Timothy’s legal career spans over 40 years, specialising in M&A, capital markets and corporate governance. He is a former Chairman of the Australian KWM partnership, a former Managing Partner for M&A and Tax in Australia, and a former Managing Partner of the KWM European and Middle East practice.

Listed company directorship held during the past three financial years:

• Amplitude Energy Limited (from 31 March 2020 to present)

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

Michael Clarke is currently an Executive Director and acting Chief Executive Officer of Pacific Current Group Limited (ASX: PAC) and a member of PAC’s Investment Committee. He is also a Non-Executive Director of Aurora Investment Management Pty Ltd, a wholly owned subsidiary of PAC.

Michael Clarke has over 30 years’ 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 on 13 May 2021.

Amanda Apted (Gillespie) is a Director of Perpetual Investment Management Limited (the Manager), Pendal Fund Services Limited and Pendal Institutional Limited. Amanda is also the Chief Executive, Asset Management Australia. She 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 21 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 building out Lonsec’s investment and superannuation research and consulting capabilities.