Mr. Perkins is the president of the secretive "Bank of Evil", a financial institution dedicated to providing supervillains a place to conduct all their banking needs, and to obtain loans.  However, unlike a normal bank, the Bank of Evil can be very unforgiving of delinquencies in loan repayment and any lagging results of granted loans.  Mr. Perkins runs the bank with an iron fist, as have his predecessors (all family, it would appear).

What is not generally known (at least to Gru and the general public) is that the young supervillain Vector is actually Mr. Perkins' son...and Mr. Perkins secretly wants his son to push Gru completely out of the limelight and take his place as the next big thing in supervillany!