Countplus names new chief executive


Countplus has named Phillip Aris, the current chief executive of its largest subsidiary Total Financial Solutions, as its new chief executive and managing director, replacing incumbent Michael Spurr.
Spurr announced in October that he would stand down from his role at the end of his four year contract in January 2015 with Countplus announcing today to the Australian Securities Exchange that Aris would succeed him from that time.
Spurr will remain in his co-role as chief financial officer for up to 12 months to assist in the transition and to complete work on a previously announced direct equity plan available to Countplus practices.
Aris will be replaced at Total Financial Solutions by his deputy Marcelo Fernandez.
Countplus chair Barry Lambert stated he would also continue in his non-executive role for a minimum of two years at the discretion of shareholders and fellow directors of the Countplus board while fellow director Graeme Fowler has been elected as deputy chair. At the same time David Smith has resigned from the board after four years with his position to remain vacant in the short term.
Countplus also named former Crowe Horwath senior executive Barry McGee to head up C2 - its new aggregation business for large accounting businesses — for a period of six months. McGee will report through to Aris and will initially work with Lambert.
Recommended for you
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
Private market secondaries manager Coller Capital has unveiled a new education platform to improve advisers’ and investors’ understanding of secondaries.