Ex-Bravura CEO joins AZ NGA board
Libby Roy has been appointed as an independent non-executive director on the AZ NGA board of directors.
Established in 2014, AZ NGA is a national professional advisory group specialising in partnering with financial services businesses to deliver capital and help them scale.
Prior to joining AZ NGA, Roy was the chief executive and managing director of Bravura Solutions up to June 2023 when she stepped down, with Andrew Russell, an independent non-executive director on the board at the time, taking over the responsibilities in the interim.
Before this, Roy spent more than two years as managing director of business at Optus, and five years at PayPal as managing director for Australia and New Zealand.
Roy also has experience across the financial services and superannuation sectors after spending more than two years as director of corporate super for AMP and general manager of financial planning at iPac.
With more than three decades of Australian and international business experience across a range of key sectors, AZ NGA said Roy’s appointment will expand the board’s “depth and breadth of skills and experience”.
Speaking on the appointment, Roy said she will utilise her years of experience leading businesses to help guide the future of AZ NGA.
“A consistent focus throughout has been guiding organisations to scale sustainably – combining commercial discipline with a commitment to innovation and long-term value,” Roy said.
“AZ NGA is a purpose-led professional services firm with strong values and a clear growth ambition. I’m energised by the opportunity to support its next chapter, bringing my experience to help shape strategic direction and support its talented team.”
Chairman of AZ NGA, Massimo Guiati, added: “Libby is a proven business leader who is highly respected for her strategic thinking, professionalism, and track record of driving growth and innovation inside the organisations that she has led.
“Libby shares AZ NGA’s passion to see more Australians get access to quality, affordable advice and achieve their goals, and we are extremely pleased to have her join the board.”
AZ NGA has detailed its plans to triple in size over the next three to five years, thanks to a $240 million investment from majority shareholder Oaktree Capital Management. This will be achieved through a combination of M&A and organic growth, transformation initiatives, and accelerating its Super firm program.
“Our strategic partnership with Oaktree gives us the capital to fund our short-to-medium term plans and continue enhancing our proposition to accounting and advice businesses,” chief executive Paul Barrett said.
In March 2025, two AZ NGA firms Eureka Whittaker Macnaught (EWM) and Foster Raffan iPlan merged to form a multidisciplinary firm, while AZ NGA-backed advisory firm Rose Partners acquired Queensland-based accounting and advisory firm MSI Taylor in April.
AUTHOR
Shy-Ann Arkinstall
Recommended for you
An FAAA recommendation to make PY advisers subject to non-compete clauses would place candidates in a “hostage situation” with their employer and potentially deter new entrants, say commentators.
While the profession struggles to keep up with strong consumer demand, a third of people who have passed the ASIC adviser exam aren’t actively practising, so where is this missing third?
Half a year after Count Financial told its advisers to exit several Metrics Credit Partners funds, research house Lonsec has now downgraded two of these products over governance concerns.
As the advice industry evolves with technology, two business consultants have said successful advice firms will be those which focus on delivering an “experience” for their clients, beyond just a transactional service.
