Tony Kynaston has commenced as an independent director on its board, effective 14 April 2025.
He brings experience working across stock analysis, data analytics and business leadership to the role, having also served in senior positions at Shell and Coles Myer.
“Following a successful corporate career, Tony Kynaston developed the QAV (Quality at Value) investing methodology. He also holds directorships in the charity and fundraising space,” the ASX announcement stated.
“Tony’s expertise in stock market investment and financial management will be invaluable as Clime Investment Wealth continues to expand.”
Last month, the funds management and private wealth business also appointed Tim Jones as its property and credit manager.
Reporting to chief investment officer Will Riggall, Jones will liaise directly with existing Clime clients, external partners, operations and compliance teams to bolster its private credit and property division ahead of planned product enhancements.
“Tim’s appointment, together with other recent announcements, represents a stepped change in Clime’s capabilities and is in line with this quarter’s focus on product enhancement and alignment,” said Michael Baragwanath, Clime’s managing director.
Other recent hires at the company include Matt Deane as operations manager for managed funds and market assets, Anshul Thapar as operations manager for off-market and direct assets, and Adam Sferruzzi as portfolio manager on its Clime International Fund.
In February, Clime reported a return to operating profit of $406,000 for the first half of FY2024–25. It also said it has signed two new strategic partnerships that are expected to deliver $130 million in funds under management and $750,000 in annual revenue over the next 12 months.
The firm had previously flagged the return to profit in its quarterly results back in January, having reported an operating loss of $1.6 million in the same period a year ago. For its full-year FY23–24 results, the firm reported a $3.8 million loss.
