People Moves
Further Change Of The Guard At ClearView Wealth
ClearView Wealth, the Sydney-based wealth manager, has overhauled its board following its acquisition by alternative asset manager CCP BidCo.
ClearView Wealth, the Sydney-based wealth manager, has overhauled its board following its acquisition by alternative asset manager CCP BidCo, last month.
The changes, effective yesterday, include the resignations of directors David Goodsall, Anne Keating and John Murphy, and the appointments of David Brown, Gary Burg, Bruce Edwards, Les Fallick, Nathanial Thomson and Gary Weiss as directors.
Gary Weiss will be deputy chairman while Michael Alscher has been appointed as an alternate director to Thomson.
The appointments come on the heels of a reshuffle announced last
week, which saw director Anthony Eisen and
alternate director, Michael Jeffries, leave, and Ray Kellerman,
Susan Thomas and Simon Swanson appointed.
The
ClearView board is entering a transitionary period until 30
June 2013 as a result
of the acquisition. When this date has passed, Michael Lukin will
join the ClearView board, and Thomas and Kellerman
will leave. Gary Weiss will then become the new chairman.
ClearView chairman, Ray Kellerman said: “In the relatively short time that ClearView has been a public company, the business has been transformed, shareholder returns have increased and the company’s strengths have been recognised by investors, including the members of CCP BidCo who have become major shareholders in ClearView.”
“I am looking forward to continuing in my role as Chairman and working with my fellow director Ms Sue Thomas, our managing director Simon Swanson and the new directors who join the ClearView Board today. They bring a wealth of experience across many facets of the industries in which we operate and share a commitment to our long term strategy.”
Elections to the Board will take place at ClearView’s Annual General Meeting at 10am on Monday 26 November at the InterContinental Hotel, Macquarie Street, Sydney.
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.