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Board and Management


The Board of the Responsible Entity currently comprises four Directors and two alternate Directors and 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

Acting 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.

Michael Vainauskas

General Manager, Risk & Internal, Audit, Corporate Services – Risk Group



Executive Director (appointed in March 2015)

Michael joined Perpetual as the Chief Risk Officer in October 2014. In this role he is responsible for both risk management and internal audit functions across the Group. Previous to his current role, Michael was the Head of Risk Operations within the International Financial Services Division of the Commonwealth Bank of Australia where he was responsible for managing and supporting all risk management functions (other than large credit approvals) of the International Financial Services businesses which include China, India, Indonesia, Japan and Vietnam. Michael was previously the Chief Risk Officer for PT Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia and was responsible for all risk and legal areas across the subsidiary.

Prior to this, Michael was the General Manager/Chief Risk Officer with both Westpac Banking Corporation in the Retail and Business Bank, and St George Bank in the Retail Bank and Wealth Management businesses. Michael previously worked in a number of senior consumer risk management roles for Westpac Banking Corporation group of companies in both the bank and its former finance company subsidiary Australian Guarantee Corporation Limited. Michael’s background in finance extends back to 1983 and covers business, operational, compliance, legal and risk related responsibilities, from line-staff positions through to executive management level within a decentralised and centralised framework. Michael previously worked for 15 years at Household Finance Ltd which was subsequently acquired by AVCO Financial Services Ltd. Michael has been involved in consumer risk management since 1991 and has performed functions in sales, lending, collections, area management, compliance, systems development/implementation and project management within Australia, Indonesia and the United States. Michael holds a Master of Business in Finance from the University of Technology, Sydney.

Glenn Foster

Group General Manager Finance, Corporate Services – Finance Group



Executive Director (appointed in July 2015, previously an alternate Director from March 2014 to July 2015)

Glenn is responsible for the Perpetual Group Finance function including external, regulatory and statutory reporting, financial operations, corporate tax compliance, treasury and capital management.

He is also responsible for Business Support Services including Facilities Management. He is a director of a number of Perpetual’s controlled entities (including those licensed with ASIC) and is also alternate director for Gillian Larkins, the Group Chief Financial Officer, who is a director of a number of controlled entities of Perpetual (including those licensed with APRA and ASIC). Glenn is a Chartered Accountant and commenced his career with Coopers and Lybrand (now part of PricewaterhouseCoopers) before entering the financial services industry in 1994. Prior to joining Perpetual in 2003, Glenn worked in a number of senior finance roles with AIDC Ltd, Babcock & Brown Limited, State Street Bank and Trust Company Limited and RAMS Home Loans. Glenn has 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 Australian Institute of Company Directors.

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.

Andrew McIver

General Manager, Group Finance



Alternate Director (appointed in January 2017)

Andrew joined Perpetual as General Manager, Group Finance – Commercial Advice & Planning in August 2015.

As a member of the Senior Leadership Team reporting to the CFO, Andrew leads one of Perpetual’s finance teams with responsibility for business partnering and business finance activities. Andrew has approximately 20 years’ experience in finance, risk and management roles across a number of industries. Most recently he was Country Head of Finance Planning & Analysis for Citigroup Australia & New Zealand responsible for planning & analysis activities for the Institutional and Consumer bank. Between 2006 and 2015, Andrew held a number of senior roles at Citigroup across finance, risk and strategy. Prior to joining Citigroup in 2006, Andrew held the role of Acting Senior Manager, Diversified Institutions at the Australian Prudential Regulation Authority which he joined in 1999 as an analyst.

Andrew is a Certified Practising Accountant and a member of CPA Australia. He also holds a Graduate Diploma in Applied Finance & Investments from FINSIA and a Bachelor’s Degree of Economics, majoring in accounting and economic history, from Monash University.

Phillip Blackmore

Head of Wholesale Trustee, Perpetual Corporate Trust



Alternate Director (appointed July 2018)

Phillip was appointed as Head of Perpetual Corporate Trust’s Wholesale Trustee business in July 2016 where he has responsibility for servicing wholesale clients investing in real assets.

Phillip has over twenty years’ experience in financial services having worked in both Sydney and London. Prior to working for Perpetual, Phillip held front, middle and back office roles with Westpac, Morgan Stanley, Credit Suisse and IAG Asset Management, focusing primarily on operational risk and investment compliance. In March 2007 Phillip joined Perpetual’s Group Risk & Compliance team having responsibility for the design and implementation of Perpetual’s enterprise risk management framework and the placement of Perpetual’s insurance program. Phillip also acted as risk advisor to the Group Executive of Perpetual Investments, Corporate Trust, Digital & Marketing and People & Culture.

Phillip is also a Non-Executive Director of the Big River Impact Foundation and holds a Graduate Diploma in Compliance, a Master of Arts (Risk Management) and is currently completing an MBA at the Australian Graduate School of Management.


goFARM Asset Management Board Members and Key Personnel 

Liza Whitmore

Executive Chair



goFARM Asset Management Board Member

Liza has been the CEO of Costa Asset Management since 2011. Previously, Liza held a senior management role with the Costa Group having worked for the Costa family since 2002. In her role as CEO Liza is responsible for the management, strategy and performance of a significant portfolio of assets including CAM's Australian agricultural investments, residential, commercial and industrial property assets, operating businesses and equities.

Through her role at CAM Liza has extensive knowledge of the Vitalharvest Property Portfolio and Water Rights and has managed the Properties since their acquisition by Vitalharvest in 2011.

Liza is a member of CPA Australia, holds a Bachelor of Commerce degree and has a Graduate Certificate in Accounting.

Liam Lenaghan

Managing Director



goFARM Asset Management Board Member

Over the past 20 years, Liam has developed a mix of agricultural capabilities, agricultural market insight, transactional experience and financial expertise. Liam has worked in the areas of applied research and extension, agronomy and farm management consultancy. He is responsible for identifying and executing investment-grade opportunities whilst being critically attuned to the optimisation or risk and reward.

Liam leads the goFARM group business, provides the direction for both the Asset Management and Investment Teams at the goFARM Group, has developed the research and strategy methodology, leads investor relations and is the lead negotiator for all transactions.

Prior to establishing goFARM, Liam was director of DRAPAC Agricultural and General Manager Agribusiness, Warakirri Asset Management.

Liam holds a Bachelor of Agricultural Science (Hons.) and a Graduate Diploma of Applied Finance and Investment.

Lieutenant General Ken Gillespie AC DSC CSM (ret'd)

Independent Non-Executive Director



goFARM Asset Management Board Member

Ken is an experienced, highly decorated national leader. After a 43-year career in the military, Ken retired as Chief of the Australian Army in mid-2011. Since his departure from the military Ken has developed a strong commercial career.

He is currently a Chairman of the Australian Strategic Policy Institute and Indoor Skydive Australia Group. He is a member of the Boards of Airbus Asia Pacific, Senetas Corporation, the Anzac Research Institute, and is on the Advisory Board of Veolia Australia. He provides consulting services to the NSW Government, Skytraders, corporations and small companies.

Ken possesses a broad range of practical experience including in military high command, diplomacy, and private and public sector leadership. He specialises in strategic reviews, strategy development, structural reform, team building and leadership development across diverse and challenging work environments and workforces.

Richard Bligh

Chief Operating Officer


Richard leads the Investment and Management Teams of goFARM and holds a Bachelor of Finance & Marketing and Graduate Diploma of Applied Finance & Investment.

Richard has previously been involved in the aggregation, development and management of large scale permanent tree crop developments.

Prior to goFARM, Richard worked in various finance and investment disciplines with the Commonwealth Bank of Australia in Sydney, Schoders Investment Management in London and spent 12 years at Rabobank in Australia specialising in food and agribusiness banking across all agricultural related industries.

Nick Raleigh

Chief Farming Officer


Nick leads the Asset Management and Research Team and holds a Bachelor of Ag Science (Hons). Nick has a long history in farm management, agronomy, irrigation consultation and leadership in the agricultural sector including, prior to his commencement at goFARM, acting as General Manager Field Operations for Kagome Australia, a grower, harvester and processor of tomatoes, carrots, garlic, corn and lucerne.

Rhonda Arnott

General Counsel


Prior to joining CAM as General Counsel, Rhonda spent 15 years as a partner at a boutique Melbourne commercial law firm during which time she headed up the Corporate Commercial Division. Rhonda has extensive knowledge and experience in the areas of corporate governance and compliance, general commercial advisory work and has worked with ASX listed companies, large private companies and SMEs across a broad range of industries. Rhonda has extensive knowledge of Vitalharvest REIT and its Properties having acted for Vitalharvest REIT on its acquisition of the Properties from and the lease back to Costa Group.

Nick Anthony

Trust Accounts Manager


Nick has over 10 years of experience gained within the tax, business services and A-REIT industries. He joined goFARM in January 2019 and is responsible for the financial administration and accounting compliance of the business.

Nick is a member of Chartered Accountants Australia and New Zealand, holds a Master of Accountancy and Control from the University of Amsterdam and holds a Bachelor of Commerce from the University of Melbourne.