Board of Directors

The Wealth Defender Equities Limited Board has significant depth and a broad range of experience in financial services in addition to financial and commercial experience.

The detailed biographies and experience of Directors is documented below.

Photo: from left to right is Anthony Patterson, Dick Morath, Alan Schoenheimer (Chair) , John Murray, and Paul Clitheroe

Alan Schoenheimer

Non-Executive Director & Chairman B Eng. U of Q , MBA UNSW

Mr Schoenheimer has deep knowledge of the global funds management industry having most recently held senior fund management director roles in Australia, New Zealand, Europe (Ireland), Japan, Singapore, Korea and China while working with Russell Investments. Early in his career, he worked for various petrochemical enterprises as a design engineer in Australia, UK, USA and South Africa.  

He subsequently joined McKinsey & Co as a consultant where he developed and delivered strategic advice to large Australian and multinational corporations. He joined Russell Investments in 1991 where he managed the consulting relationships for major Australian Superannuation funds including BHP Super, State Super NSW & Work Cover South Australia. During this period he also started the development of Russell’s Asian Business. In 1998 Alan was appointed Managing Director Russell Retail Investments where he developed and built out the Russell Retail business in the Australian Market (including growing Funds under Management (FUM) to $3 billion).

In 2001 he was appointed Chief Executive Asia Pacific, Russell Investments. During this time, he oversaw Russell Investments’ operations in the Asia Pacific region and during his tenure the Australian Asset Management business grew FUM from $4 billion to $24 billion.

In 2009, Alan transferred to London to be Head of International for Russell. He returned to Australia in 2012 and retired from full time employment at Russell in 2014.

He has an in depth understanding of the Australian Superannuation and Funds Management industries, with regard to industry dynamics, challenges for the future and particularly key drivers of business success.

He is currently a director of Russell Investment Management Ltd and Ping An Russell (Shanghai) Joint Venture in China. His past directorships include Russell Investments Ireland Ltd, Russell Investments Japan, Russell Investments New Zealand and Russell Investments Singapore.

Paul Clitheroe AM

Non-Executive Director BA (UNSW) CFP, SFFIN

Mr Clitheroe has had an extensive career within the financial services industry as a company director, key practitioner and also educator. In 1983 along with four partners, he established Ipac Securities Limited, one of Australia’s first fee for service advisory groups. Ipac today manages $17 billion.

He has been Chairman of the Australian Government Financial Literacy Board since 2002, which sets and implements the National Strategy for financial literacy with a particular focus on schools, universities and vocational education. He was host of “Money” on Channel 9 from 1993 to 2002. His Talking Money segments run on radio stations across Australia and his Money books have sold over 750,000 copies.

Paul was appointed as a Member of the Order of Australia in 2008 for services to the Financial Services Industry and the community. In 2011 he was nominated as “Most Outstanding Thought Leader” by the Financial Services Industry body, FINSIA, and was made a Life Member in 2012. In addition he holds the Chair of Financial Literacy at Macquarie University and is a Professor in the School of Business and Economics. Paul is Chairman of the youth anti drink driving body RADD. He is also Chairman of the ASX listed entity Australasian Wealth Investments Limited as well as Chairman of Money Magazine and the Clitheroe Foundation.

He is also a Director of Ipac Securities/Ipac Asset Management, Philanthropy Australia and the University of Sydney Medical Foundation.

Richard Morath

Non-Executive Director BA FIA (London) FIAA, ASIA

Mr Morath has over 40 years experience in life insurance, funds management, banking and financial planning. He started his career in senior banking roles in the Commercial Banking Company of Sydney and State Bank of NSW and was then appointed as Managing Director of the Australian Bank.

Following the acquisition of the Australian Bank by State Bank of Victoria, he joined Lend Lease/ MLC in 1989 to establish the MLC Building Society and develop the unit trust business of MLC. In 1993, he became Chief Executive Officer (CEO) of the Retail Funds Management business of MLC.

In 1996 he was appointed CEO of the Corporate and Institutional Funds business of MLC, and in 1999, he was appointed to Group Executive Lend Lease Corporation as the person responsible for all relations with media, shareholders, analysts and Government.

Dick is currently non-executive director and chairman of the Advice & Licences Boar ds of all Financial Planning companies in NAB/MLC and Chairman of National Australia Trustees. He is also a director of JANA Investment Advisors Limited, BNZ Life and BNZ Investments Services Limited, and of ASX listed Platinum Capital Limited (as well as being Chair of its audit committee).

His past directorships between 1988 and 2014 include MLC Limited (Life Company), MLC Investments Limited, (Responsible Entity & Manager), Medfin Limited (Chairman) and various MLC Superannuation Trustee Boards and Plum Financial Services Limited.

Anthony Patterson

Executive of the Manager and Director SA Fin, MAICD

Anthony Patterson is an Executive Director of Perennial Value.

Mr Patterson started with Perennial Investment Partners Limited in April 2001 as Head of Sales and Marketing and was promoted to Managing Director/ Chief Executive Officer from May 2003. During his period as Chief Executive Officer (CEO), Perennial Investment Partners Limited became Australia’s largest boutique investment management firm. Anthony stood down from this position in March 2012 to focus his attention on Perennial Value where he serves as an Executive Director.

Prior to joining Perennial Investment Partners Limited, he was CEO of Lend Lease Corporate Services Limited. During this time, he participated in the management team which oversaw the implementation of MLC Limited’s overall business strategy. He sat on MLC’s investment committee and distribution committees for both retail and wholesale funds management. Anthony’s achievements as CEO included strong growth in both market share and profits for Lend Lease Corporate Services. Anthony was employed by Lend Lease between 1990 and 2001 occupying various management positions. Prior to Lend Lease, he was employed by Capita Benefits Planning Pty Ltd from 1983 to 1990, where he completed his service as WA State Manager in 1990.

He is a Director of Perennial Value Management Ltd, Perennial Value Smaller Companies Pty Ltd, Perennial Value Wealth Defender Pty Ltd and was a former Director of Perennial Investment Partners Ltd.

John Murray

Executive of the Manager and Director B.A (Acc), CA, FFin

Mr Murray established Perennial Value in January 2000 and has some 29 years of experience in the funds management industry. He is one of Australia’s most respected value investors and has built a stable team of investment professionals who have consistently delivered good results for investors. Under his leadership, funds under management have grown from $40 million in 2000 to approximately $7.7 billion(as at 31 October 2015) and Perennial Value has won a number of prestigious industry awards and accolades. Prior to establishing Perennial Value, John was the Investment Director, Australian Shares at Westpac Investment Management, a Senior Portfolio Manager at Maple-Brown Abbott, and the Head of Australian Equities at Perpetual Investments. He commenced his career with Pricewaterhouse Coopers, where he qualified as a Chartered Accountant.

In October 2014, John was inducted into the Australian Fund Managers Hall of Fame. He holds a Bachelor of Arts in Accounting from the University of Canberra.