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.

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 Nulis Nominees (Australia) Limited, the corporate Trustee for the MLC Super Fund. His past directorships include Russell Investment Management Ltd, Ping An Russell (Shanghai) Joint Venture in China, 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.

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 InvestSMART Limited and Monash as well as Chairman of Money Magazine and the Clitheroe Foundation.

He is also a Director of 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 Boards of all Financial Planning companies in NAB/MLC and Chairman of BNZ Investment Services Limited. He is also a director of JANA Investment Advisors Limited and BNZ Life, 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.

John Murray

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

Mr Murray established Perennial Value in January 2000 and has some 30 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 John’s leadership, funds under management have grown from $40 million in 2000 to approximately $5 billion (as at 31 May 2018) 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.