People Moves
Australian Based Wealth Manager Reorganises Board After CCP BidCo Takeover
Clearview Wealth, the Australian wealth management firm, has reshuffled its board following its acquisition by CCP BidCo.
Anthony Eisen, director, has resigned effective 11 October 2012. His alternate director, Michael Jeffries, has also left. Remaining on the board are Ray Kellerman and Susan Thomas, with Simon Swanson acting as chairman.
It is not yet known where Eisen is moving.
The board is entering a transitionary period until 30 June 2013 as a result of the acquisition. When this date has passed, Michael Alscher and Michael Lukin will join the ClearView board, with Thomas and Kellerman leaving. Gary Weiss will then become the new chairman.
CCP BidCo successfully acquired 50 per cent of shares in ClearView Wealth in September this year, making its offer unconditional. In August, the ClearView board agreed to an implementation agreement with CCP after offer was raised by 5 cents per share to 55 cents per share.
Clearview Wealth is not related to ClearView Financial Media Ltd, the UK-based publisher of WealthBriefingAsia.