The Trust Company non-executive director Roger Davis has resigned after seven years in the company.
Davis' resignation became effective on November 30, 2013, the company has confirmed in a statement to the Australian Securities Exchange (ASX).
"Roger had intended to resign some months ago due to his other commitments, but offered to stay until the corporate activity was concluded," The Trust Company chairman Bruce Corlett said.
Corlett was referring to the Perpetual acquisition of The Trust Company, which was approved by shareholders last week after months of negotiations.
Corlett noted that Davis' willingness to resign after the buyout process was completed "was greatly appreciated by his fellow directors and certainly served shareholder interest well."
In the last seven years Davis has been a director at The Trust Company, as well as a chairman of the Audit, Risk and Compliance Committee.
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, Trust Company
, Executive Appointments
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, November 30
, Trust Company chairman Bruce Corlett