Countplus adds experience to underpin strategy
Publicly-listed financial services group, Countplus Limited, has appointed former Treasury Group chief executive, Andrew McGill to its board.
The company announced to the Australian Securities Exchange that McGill had been appointed as a non-executive director, effective from today – something that would allow it to leverage his extensive experience in the company’s expansion and turnaround strategy.
It said McGill currently serves as non-executive director of the PM Capital Asian Opportunities Fund and non-executive chairman of the PM Capital Global Opportunities Fund.
He was the Founding Partner with Crescent Capital Partners and former Managing Director and CEO of the private equity firm Northern Lights Capital Group.
Commenting on the appointment, Countplus chief executive, Matthew Rowe said McGill’s extensive merger and acquisitions expertise and deep capital markets and private equity experience would assist the company with its two-year turnaround strategy.
“As part of this strategy, we have put together a refreshed and skilled Board and Mr McGill’s experience in managing leading companies will be invaluable to Countplus as we form a more disciplined and profitable financial services company,” he said.
McGill had also been appointed as Chair of the Acquisitions Committee.
“As part of Countplus’ revitalisation strategy, the company has adopted a new Direct Equity Plan (DEP), designed to align Countplus’ strategic goals with member firms and improve performance. In line with this, the company has created a strong pipeline of M&A opportunity. In this environment, Mr McGill’s chairmanship of the Acquisitions Committee will be greatly valued by Countplus,” Rowe said.
Recommended for you
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses.
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam.
ASIC has sent warning notices to social media finfluencers who it suspects are providing unlicensed financial advice to Australians as part of a global crackdown by international regulators.
