Boyle joined the firm as CFO in 2017 and has been “instrumental” in Netwealth’s journey from an initial public offering to where it is in 2025, according to managing director and chief executive Matt Heine.
“His expertise has been invaluable to our team, stakeholders and shareholders, and he will be missed,” Heine first said on the news of Boyle’s retirement last year.
At the time, Netwealth clarified that Boyle would assist in the handover with incoming CFO Hayden Stockdale, who will now assume all duties.
“Netwealth is pleased to advise, Hayden Stockdale will assume all CFO duties,” the company said on Friday.
Meanwhile, Jodie Henson, who is currently joint company secretary, will now serve as the sole company secretary.
“The board wishes to thank Grant Boyle for his dedicated service as CFO and joint company secretary and wish him all the best in his retirement,” the ASX listed company said.
In September, Netwealth confirmed that it had undertaken an extensive search to find Boyle’s replacement.
Explaining the decision behind hiring Stockdale, Netwealth said: “Hayden is an experienced CFO and has had a successful career spanning both the finance sector and senior management roles in various industries.”
Namely, this includes CFO roles with RMS Cloud, Catapult Sports, SXiQ Digital, United Petroleum and Interactive.
“He has a proven track record as a collaborative business partner delivering high-margin growth strategies and driving efficiencies at scale.”
Prior to his executive career, Stockdale spent more than 15 years in investment banking roles at Goldman Sachs, Deutsche Bank and UBS.
The handover comes at an exciting time for the financial services company. In December, after hitting 25 years, Netwealth surpassed $100 billion in funds under administration for the first time.
At the time, the firm’s flagship managed account offering had exceeded $20.6 billion, which Netwealth attributed, in part, to the evolving nature of the industry as advice practices continue to increase their adoption of technology.
For example, Netwealth’s 2024 AdviceTech Buyer’s Guide revealed that more than eight in 10 (82 per cent) advice practices are using or considering using artificial intelligence, primarily as a means of reducing administrative burdens and improving efficiency.
In addition to reaching this milestone, Netwealth also announced it has launched a new online experience for advisers and investors.
