Perpetual boosts family office offering with new appointments

Nick Lipscombe will head up the newly-created family office team, with an additional four specialists joining from March 2021. Mr Lipscombe will be responsible for developing the existing family office offering, with a focus on ultra-high-net-worth clients.

“Our breadth of services and commitment to deep client relationships underpins everything we do, so extending our resources and capability in the family office space is a natural progression for our business,” said group executive Mark Smith.

“Nick’s extensive experience gained both in Australia and overseas, together with his expertise in family office will be a great asset to head up this new team and in creating a truly holistic client offering. I look forward to welcoming Nick and the team to Perpetual.”

Mr Lipscombe has more than 20 years’ banking experience across international banking, property and financial markets, and joins from Mutual Trust, where he was partner and head of Sydney. Also joining are Michelle Maynard as partner, Frederick Cotter and Peter Whitehead as associate partners, and Leonie Rigney as associate.

“We are all very excited to be joining Mark and the Perpetual Private team. Perpetual’s long-standing experience with clients, its trustee heritage, extensive philanthropic capability combined with its accounting, tax and advisory services are very complementary to family office services, providing a very comprehensive client offering,” Mr Lipscombe said.

“The combined expertise of the family office team and Perpetual’s other specialists, is in my view, the strongest in the market. We are looking forward to bringing that expertise to clients and working closely with the broader Perpetual team.”