Colonial First State’s executive general manager will be departing to take on the role of national sector leader for KPMG’s asset and wealth management practice.
Linda Elkins will be departing the Commonwealth Bank-owned business on 5 August and is set to be a partner at KPMG.
She will assume leadership of the asset and wealth division from Paul Howes on 1 October.
Mr Howes, meanwhile, has become the national managing partner of KPMG Enterprise. He will continue to lead the asset and wealth management segment until the transition in October.
“We are thrilled to appoint someone of Linda’s calibre and experience and look forward to her making a significant contribution to our clients,” Mr Howes said.
“The superannuation sector is going through a period of great change, and Linda is ideally placed to steer our practice through this and further strengthen our client offerings.”
Ms Elkins is regarded as one of Australia’s most experienced superannuation executives. She has been with CBA for more than nine years and has been executive general manager at Colonial First State for the last seven years.
Colonial First State now has more than 1 million superannuation members and investors, with around $140 billion in funds under administration and 1,100 staff.
Prior to her current role, Ms Elkins had worked for Russel Investments where she looked over services, including investments, consulting, administration and trustee services for a number of corporate and super funds.
Ms Elkins is also a director of the Association of Superannuation Funds of Australia (ASFA) and has been a member and a chair of many committees for both ASFA and the Financial Services Council.
She commented: “Right now is the most important time for the superannuation and broader financial services industry to embrace transformation and focus on delivering outcomes to members and investors.
“I am excited to have the opportunity to work for clients with the strength and backing of KPMG to help them navigate these challenges and opportunities.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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