Mayfair 101 has selected Michael Divens to be its new group chief financial officer, with the fund manager saying he will drive forward major developments including the launch of its Platinum brand and its recent purchase of Queensland’s Dunk Island.
Mr Divens is a senior financial executive with more than 15 years’ experience as a CFO in the funds management, professional services and financial services sectors.
Prior to joining Mayfair 101, he was chief financial officer at Melbourne-based funds manager River Capital.
Mayfair 101 founder and managing director, James Mawhinney commented: “2019 has been the Mayfair 101’s most exciting year yet, following the launch of Mayfair Platinum in July and confirming our purchase of Dunk Island.
“We are delighted to have Michael onboard to lead on the continued diversification and optimisation of our investment offerings.”
Mr Divens added: “Mayfair 101 is one of the most dynamic financial services players in the Australian market.”
“My priority as CFO will be to continue to champion the innovative strategic investments that have propelled Mayfair 101 to become a market leader.”
A chartered account by training, Mr Divens began his career in Scotland with one of the big four accounting firms, EY, before moving to finance roles in the health and education sectors.
After moving to Australia in 2001, he progressed into a senior financial management role at another big four firm, KPMG.
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.
Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.
You can contact her on [email protected].
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