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Perpetual Trustee Company Limited

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Perpetual Trustee Company Limited

Overview:

Perpetual Trustees Australia Limited is one of Australia's most respected financial services institutions, providing a broad range of services to individuals and corporations.

History:

Perpetual is one of Australia’s oldest financial institutions with a proud history of helping Australians protect and manage their wealth through both prosperity and adversity.
A trusted role in Australia’s history

In 1885 a group of business and professional people gathered in Sydney for the purpose of forming a trustee company. The group included the Honourable Edmund Barton who was later to become Australia’s first prime minister.

Perpetual Trustee Company (Limited) was subsequently formed in September 1886, originally based at 105 Pitt Street Sydney. James Fairfax (later Sir James Fairfax) was elected the first chairman, John Street was appointed the first managing director and John Pewtress, an accountant, became the first employee.

On 29 June 1888 the NSW Legislative Assembly passed a special act to grant Perpetual the power to act as a corporate executor and trustee. An increasing number of prominent citizens appointed Perpetual as executor or trustee of their estates – in many cases for generations.

The company earned sufficient profits by 1893 to pay its first dividend of 6 per cent and shareholders have continued to receive dividends every year since then.

Due to its strong growth the company moved to bigger premises, firstly in 1891 to 12-14 O’Connell Street and then in 1896 to 2-4 Spring Street. In 1916 we moved to our newly-built premises at 39 Hunter Street, previously the site of the old flower market. The beautiful heritage-listed sandstone and brick building still stands today. In 2006 we moved to our current premises at Angel Place, 123 Pitt Street, Sydney.

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