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Board and Management


The Board of the Responsible Entity comprises four Directors and one alternate Director. They have a broad range of experience in financial services combined with financial and commercial expertise.

Details of the current Board are set out below.

Richard McCarthy

Group Executive, Perpetual Corporate Trust



Executive Director — appointed in October 2018

Richard joined Perpetual in 2007 as Director, Sales and Relationship Management, and has been General Manager, Sales & Relationship Management, Strategy & Product and Marketing since 2011.

Richard has more than 23 years’ experience in banking and financial services, with deep sector knowledge in debt capital markets and managed funds.

Prior to joining Perpetual, Richard spent 10 years at JP Morgan Chase in London and Sydney in a number of senior leadership roles. Richard is a Director of the Australian Digital Commerce Association.

Vicki Riggio

General Manager, Managed Fund Services. Perpetual Corporate Trust



Executive Director (appointed in May 2018)

Vicki Riggio is General Manager, Managed Fund Services, Perpetual Corporate Trust and has responsibility for Custody, Wholesale Trustee, Responsible Entity Services, Investment Management for MITs and Perpetual’s Singapore business.

Vicki was previously the General Manager, Management Services, where she held responsibility for Trust Management, Accounting and Investment Management services offered to debt capital markets and managed fund clients in Australia and offshore.

Prior to this, Vicki was the Head of Wholesale Trustee responsible for the delivery of trustee services to a portfolio of funds in excess of $40 billion, primarily supporting offshore investment into Australian real assets through managed investment trust structures. She has also previously been responsible for Perpetual’s debt markets trustee operations and ongoing trustee compliance arrangements. Having worked in the financial services industry for more than 20 years, Vicki has extensive experience across a variety of asset classes and trust structures.

Glenn Foster

Chartered Accountant, Perpetual Corporate Trust



Glenn Foster is a Chartered Accountant and was formerly the General Manager Group Finance, Perpetual Limited and an executive Director of the Responsible Entity prior to his retirement on 23 October 2020. Glenn has over 27 years’ experience in the financial services industry having served in senior finance roles with AIDC Ltd., Babcock and Brown, State Street Bank & Trust Company and RAMS. Mr Foster holds a Bachelor of Commerce degree from the University of New South Wales, has been a member of the Institute of Chartered Accountants in Australia since 1989 and is a Graduate of the Institute of Company Directors.

Simone Mosse

Chief Risk Officer, Perpetual Limited



Executive Director (appointed 27 September 2019)

Simone ("Sam") Mosse joined Perpetual Limited as its Chief Risk Officer in February 2019. Sam holds over 23 years' experience in the financial services sector, having previously worked as Global Head of Enterprise Risk and Head of Risk and Compliance, Pan Asia, at Janus Henderson Investors. Sam has previously held roles with Macquarie Group including as Head of Compliance and Operational Risk.

Sam holds a Bachelor of Commerce (Accounting) from the University of NSW and a Graduate Diploma in Applied Finance from FINSIA.

Phillip Blackmore 

(alternate for Vicki Riggio)

Head of Transaction Management & Governance, Managed Fund Services, Perpetual Corporate Trust



Alternate Director (appointed July 2018)

Phillip is the Head of Transaction Management and Governance. Phillip’s team is responsible for onboarding all new funds and vehicles across Responsible Entity, Wholesale Trustee and Investment Management, as well as the ongoing governance of appointed service providers. Having previously ran the Wholesale Trustee & Investment Management business and having spent 9 years in Group Risk where he was responsible the design and implementation of Perpetual’s enterprise Risk Management Framework, Phillip brings deep fiduciary, risk management and client facing skills to his role.


Prior to working for Perpetual, Phillip held roles with IAG Asset Management, Credit Suisse, Morgan Stanley and Westpac. Phillip is currently completing an MBA at the University of New South Wales and also holds a masters degree in risk management.

Primewest Management Team


John Bond

Executive Chairman



John is a founding Director of Primewest and has been instrumental in its growth and development. His background spans law, investment banking as well as property investment and development. As a professional property investor, he has over 30 years’ experience in negotiating acquisitions, overseeing the development of properties and asset management.

Along with his fellow Directors, John guides the Primewest team in all aspects of the business. John’s hands on approach affords Primewest a competitive and agile approach to delivering high quality outcomes. Since 1990 John has been instrumental in delivering exceptional property and community outcomes across residential and commercial sectors.

John is a qualified solicitor and also holds a Bachelor of Commerce degree and is a Corporate Member of the Property Council. He is Chairman of two charities, being Australian Doctors for Africa and The Fathering Project. John is also a Board member of the Art Gallery of Western Australia Foundation.

John is a responsible manager under the AFSL.

David Schwartz

Managing Director




David is a founding Director of Primewest and has been instrumental in its growth and development. David is a professional property investor with 25 years’ experience in negotiating acquisitions and overseeing the development of properties. He is a Non-Executive Director of Schaffer Corporation Ltd.

Over the past 40 years David has been involved in many different businesses including retail, manufacturing and distribution. His property investments have been strongly focused on retail and commercial developments.

David is a responsible manager under the AFSL.

Jim Litis

Executive Director




Jim is a founding Director of Primewest, (1995)

Having experienced forty years in the property industry in Australia, Jim is an influential and well respected figure and mentor. His expertise include the acquisition, development and management of retail and large format retail properties, and purchasing and renovating heritage buildings in Perth’s CBD. His vast knowledge of the retail industry has given him a unique insight and outlook when sourcing investment properties and opportunities for investors. Jim’s first foray into retail was opening his own Hi Fi store in the early 70’s.

Holding a Bachelor of Science (Pharmacy) from Curtin University in Western Australia, Jim’s interest in Science continues today and is fulfilled through his long term association and philanthropic support of Australian organisations including; Ear Science Institute Australia, The Leukaemia Foundation and The Perron Institute (Neurological and Translational Science). His support includes funding Post Graduate students and research.

Jim’s passion for Music, Sport and the Arts have led to his involvement in a number of successful West Australian enterprises including founding one of the first specialist sound system stores in Perth, Douglas HiFi, the Floreat Athena Soccer Club (The Litis Stadium), Venn Gallery, a contemporary art gallery and most recently The Rechabite, an entertainment venue hosting live music, theatre and performance.

Jim is a responsible manager under the AFSL.

David Creasy

Chief Financial Officer & Company Secretary



David is the Chief Financial Officer of Primewest and has over 25 years’ experience of financial, strategic and operational leadership in the property, hospitality and retail industries. Within the property industry David has significant experience in the development of residential, commercial and mixed-use properties across North America and in the management and operation of diverse investment property portfolios.

David leads the internal business operations of Primewest and is responsible for accounting, treasury, finance, information technology, human resources, compliance and administration.

David is a Chartered Professional Accountant (Canada).

David has been with Primewest since 2018.

Julian Lodge

Chief Investment Officer



Julian is the Chief Investment Officer of Primewest. He has over 24 years’ experience in the property industry with particular capabilities in property funds management, property development and the asset management of property investments.

His focus lies with the identification and delivery of key investment opportunities, together with the divestment strategy for Primewest. He works closely with the asset management team to deliver investment outcomes.

Julian is a Board member on the Western Australian Property Council Divisional Council and the Property Education Foundation of WA. He is a Senior Associate Member of FINSIA and is also a qualified Real EstateAgent.

Julian is a responsible manager under the AFSL. 

Julian has been with Primewest since 2002.

Adam O'Donoghue

Group Head of Distribution



Adam has over 12 years’ experience in the property industry and is Primewests Group Head of Distribution. Adam is responsible for Primewests business to business opportunities, growth of the Primewest Bespoke business for new and existing UHNW clients and family offices and Investor Relations.

Adam holds a Bachelor of Commerce and in previous roles has worked as a taxation accountant.

Adam has been with Primewest since 2007.