Centrepoint Alliance has welcomed Simon Swanson as board chair, effectively immediately, having first joined the company in 2021 as a non-executive director.
Mr Swanson brings more than four decades of experience in financial services to the role, having been managing director of ClearView Wealth for 13 years up until his recently announced retirement.
He was also previously a director of the Australian Literacy and Numeracy Foundation and former chairman of ANZIIF’s life, health, and retirement income faculty advisory board.
Mr Swanson replaces Alan Fisher as chair, who announced his intention to step down after a seven-year stint on the board.
In a statement to the ASX, the firm commented: “Alan’s leadership has been instrumental in guiding Centrepoint Alliance through significant industry change, including the transition to a fee-for-service business model and the successful acquisition of the Clearview advice business, which has positioned Centrepoint Alliance as the third largest licensee in Australia.
“We extend our sincere appreciation to Alan for his dedication and contribution.”
Centrepoint Alliance confirmed that Mr Fisher will resign from the board effective 30 September.
Moreover, substantial investor Sandy Beard has also announced his intention to step down from his directorship, with effect from 30 September.
According to the firm, Mr Beard’s involvement in ClearView’s sale of its advice business to Centrepoint Alliance in 2021 was especially notable during his tenure.
“We express our gratitude for Sandy’s time with us and wish him the best in his future endeavours,” Centrepoint Alliance commented.
“These changes within our board reflect our commitment to continue to build a profitable and strategically successful business.”
The announcement follows the firm’s full year results released this week, where the group confirmed that it had received indicative approval from National Australia Bank (NAB) for a debt facility of $10 million to fund future acquisitions.