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CBA to expand Count

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By Reporter
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2 minute read

CBA does not anticipate making any wide-sweeping changes to Count this year.

Commonwealth Bank of Australia (CBA) does not intend to make any significant changes to the management or direction of Count Financial in the coming year.

"We intend to grow and operate the business on a standalone basis under the Count name," a CBA spokesperson told InvestorDaily.

CBA's aim with the accounting and financial planning group was to maintain Count's core focus, the spokesperson said.

"We have no significant plans for change. Count is a well-managed business with quality people and it makes sense to utilise the existing successful team," they said.

Late last year, Andrew Gale resigned from his post as chief executive of Count.

Gale has been replaced as chief by CBA general manager for strategic development wealth management David Lane.

In December, Lane told InvestorDaily Count planned to add FirstChoice Wholesale to the dealer group's approved product list.

The move was part of a planned rollout of products and services under CBA, Lane said.

"What we're looking to do is to put together a suite of products and service offerings that enhance the current model, and we're looking to start the announcement of that rollout at the March conference, which is Count's big annual conference," he said at the time.

CBA made its $373 million takeover offer for Count in August last year.