Financial services organisation Fiducian has announced the appointment of Kerry Skellern as a director, effective on 9 June 2023.
Mrs Skellern is an experienced non-executive director and chair in the building, infrastructure and aged care sectors, with further specialties across strategic sales, marketing and research, and development at senior executive levels.
In an ASX announcement released on Friday, Fiducian said her formal qualifications in engineering and business administration are expected to contribute positively to enhance the firm’s platform administration operations and IT development programs.
Moreover, Mrs Skellern is a fellow of the Australian Institute of Company Directors and is currently a chair at The Executive Connection, which seeks to increase the effectiveness and enhance the skill set of executives and business owners.
“We look forward to Mrs Skellern providing a positive contribution to the operations of Fiducian,” the firm said.
The impending retirement of Robert Bucknell from Fiducian’s board was also announced, as he will not be seeking re-appointment as director at the upcoming annual general meeting (AGM) in October. As such, he will retire as a director at the conclusion of the AGM.
Fiducian expressed its appreciation for Mr Bucknell’s contributions throughout his tenure on the board, spanning nearly three decades.
“Fiducian is deeply indebted to Mr Bucknell for his substantial contribution to the ongoing success of Fiducian through his 27 years as director, and for the majority of that time guiding it as non-executive chairman.”
In February, Fiducian posted a 9 per cent fall in underlying net profit after tax (NPAT) to $7.0 million and a 17 per cent drop in statutory NPAT to $5.5 million for the half year ended 31 December 2022.
At the time, the firm said that it recorded $166 million of net inflows over the period and declared $11.9 billion in funds under management, administration and advice (FUMAA) — a 3 per cent increase on the same period a year earlier.
“In spite of this difficult period of economic, financial market and geopolitical turmoil, our growth strategy has not faltered and our operations have expanded. We believe this has come at a short-term cost, which should eventually reap benefits for shareholders once things settle down,” commented Fiducian executive chairman Indy Singh.
