Crestone Wealth Management Group has welcomed a Westpac executive onto their board as an independent director.
Westpac board member Peter Hawkins will join Crestone as independent and non-executive director at the end of September this year, according to a statement.
He currently serves on the Westpac Banking Corporation (WBC) board and is chair of WBC’s technology committee. He is also on the boards of Mirvac Group and Liberty Financial.
Crestone chairman John McDonald welcomed the appointment of Mr Hawkins as a “high-calibre and accomplished member”.
“Peter’s extensive experience across the domestic and global sectors of banking, financial services and wealth management will add an invaluable perspective to our firm,” Mr McDonald said.
“We appreciate Peter accepting our invitation to join the board, and look forward to his counsel and guidance.”
His independent counsel and direct knowledge of the regulatory and technology shifts impacting the Australian financial services sector will help to guide Crestone’s strategic positioning, according to the statement.
“Crestone has demonstrated a capacity for maintaining the strong trust of its significant client base of high-net-worth individuals, family offices and not-for-profit organisations in Australia,” Mr Hawkins said.
“Its ownership structure and access to best-of-breed partners has created a real opportunity in the Australian market that is very exciting for the business and its clients.”
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