The PPI Senior Management Team
Founder / Executive Chairman
Harry graduated from Flinders University with a Bachelor of Economics in 1970 before becoming a member for the Institute of Chartered Accountants in 1974. Between 1970 and 1981 Harry worked as a Chartered Accountant as both an employee and later as a partner at Gaffney Harvey & Ryan before co-founding the firms Perks & Ortmann in 1981 and finally Perks & Associates in 1983.
At Perks & Associates Harry advised clients on business performance, tax and financial structuring for businesses and individuals, the use of self-managed superannuation funds and the acquisition and disposal of businesses. Despite its humble beginnings, Perks & Associates, now under the management of Harry's brother Greg and 16 other partners, is Adelaide's largest independent accountancy practice and was ranked 31st in BRW Magazine's listing of the Top 100 Accounting Firms in Australia in 2009.
In 1990, seeing the opportunities that were emerging in the commercial property market, Harry formed a syndicate of like-minded associates to purchase his first asset: the Westlands Shopping Centre in Whyalla, South Australia. This acquisition signified the unofficial formation of PPI. Over the following eight years Harry syndicated several other properties and in 1998 Harry retired from Perks & Associates so that he could completely focus his attention on the management and development of the property syndicates he had started.
Since 1998, Harry's depth of accounting and property knowledge as well as his "co-investment" philosophy has seen PPI emerge as a quiet achiever in the Australian unlisted property market. PPI currently manages 21 commercial properties valued at approximately $600 million.
Harry's other passion is breeding and racing thoroughbred racehorses. Harry has had an ongoing involvement in breeding since purchasing his first racehorse over 35 years ago, and was a Director of the Australian Breeders Cooperative Society ("ABCOS") from 1987 to 1990, a Committee Member for the South Australian Thoroughbred Breeders Association from 1991 to 1997, and has served two terms as a board member of the South Australian Jockey Club ("SAJC"). Harry has enjoyed much success in the Australian horse racing arena having bred and raced the following Group 1 winners:
- Gold Guru - Champion Australian 3 year old, won the AJC Australian Derby, VRC Australian Guineas and Ranvet Stakes;
- Southern Speed - Won the VRC Caufield Cup;
- Rebel Raider - Won the VRC Victorian Derby, SAJC Derby;
- Devil Moon - Won the VRC Turnbull Stakes, MRC WH Stock Stakes (G2), VRC Let's Elope Stakes (G3);
- Serious Speed - Won the MRC Thousand Guineas, STC Hobartville Stakes (G2), 2nd in the VRC Oakes;
- St Clements Belle - Won the WATC Fruit & Veg Stakes, MVRC Champagne Stakes (G2), Bill Stutt Stakes (G2);
- Undoubtedly - Won the MRC Blue Diamond Stakes.
Harry also served on the Prince Alfred College Foundation from 1998 to 2007, holding the position of Vice President from 1998 to 2001 and President from 2001 to 2007.
Lachlan joined PPI in 2008 and became a Director of PPI in October 2009. Lachlan has in excess of 18 years experience in property, funds management, corporate finance, interest rate trading, debt originations and risk management, including roles within the Corporate Finance and Recovery division of PriceWaterhouseCoopers in Melbourne, and as an interest rate bond and derivatives trader at the National Australia Bank in Melbourne and Sydney.
Working in conjunction with Harry, Lachlan is responsible for all aspects of PPI's property acquisition and syndication initiatives as well as working with PPI's external consultants to identify and manage the developments and re-developments for existing properties.
Lachlan holds a Bachelor of Laws (Honours) and a Bachelor of Commerce from the University of Adelaide. Lachlan also holds a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia (now KAPLAN) and a Master of Applied Finance from Macquarie University.
To ensure that PPI is up to date with the multitude of issues that constantly face the property industry, Lachlan is a member of the Division Council of the Property Council of Australia (SA Division), and a previous member of the Retail Committee and the Taxation Committee.
Chief Executive Officer
Richard has over 35 years experience in accounting and property, and has worked alongside Harry for over 28 years - first at Perks & Associates from 1986 to 1998 and then at PPI since its official inception in 1998. Richard is a member of the National Institute of Accountants and as PPI's Chief Executive Officer he is responsible for all the day-to-day operations of PPI and its 16 investment syndicates.
In his spare time Richard enjoys water skiing with his young family at his "shack" on the Murray River. In 1990 and 1991 Richard was a member of the SA Barefoot Waterskiing Team and is proud to say that at one time he was also a member of the State Women's Waterskiing Relay Team! (albeit as their driver).
Chief Financial Officer
Neil and his team manage all of the day-to-day financial and reporting functions of PPI and its investment syndicates. Neil prides himself on the fact PPI's reporting to syndicate boards and members is well in excess of that provided by industry peers, both in frequency and detail. Neil is committed to continuous refinement of PPI's financial reporting systems to ensure his offering continues to be in excess of industry standard.
Neil holds a Bachelor of Commerce from the University of South Australia and is a member of CPA Australia. Neil joined PPI in 2004 as Financial Controller having previously gained five years experience in a private Adelaide accounting practice. Neil was promoted to Chief Financial Officer in 2008.
Neil is member of Tennis Coaches Australia and dedicates much of his spare time to sporting activities including trekking and cycling.
Ann joined PPI in 2006 as its Asset Manager. Ann is responsible for liaising with and overseeing the property management and leasing activities of PPI and their consultants. Ann takes a holistic approach to the management of PPI's assets, actively seeking to maximise their performance by focusing on tenant mix.
Ann holds a Bachelor of Arts from Victoria University (Wellington, New Zealand) and has more than 22 years experience in the property industry having joined Savills in 1992 initially as a Centre Manager based in Queensland and later in a variety of marketing and property management roles including State Marketing Manager and Manager - Retail Property Management Division.
Outside of work Ann is also a big opera fan and loves visiting interesting cities around the world.