CFS appoints group CEO

26 September 2023
| By Laura Dew |
expand image

Colonial First State (CFS) has appointed a new group chief executive following a global search. 

Clive van Horen will start in the role from 15 January 2024 in a newly created role for the firm.

He was previously chief executive of Suncorp Bank and also a senior executive at Commonwealth Bank. Suncorp announced to the ASX today (26 September) that van Horen will be leaving to "pursue an opportunity in the non-bank financial services sector".

Rob Coombe, executive chairman of CFS, said: "Clive is a highly capable executive with a proven track record that has seen him deliver impressive customer and business outcomes in a variety of settings. I know that Clive will make a significant contribution to CFS and ensure we deliver on our ambitious transformation and growth plans."

Coombe will remain involved in the business as non-executive chairman, a role he will transition upon van Horen's appointment in January.

van Horen said: "I’m thrilled to be joining CFS. Having worked alongside the business for many years during my time at CBA, it’s very exciting to see the huge strides that CFS has made in recent years under Rob’s leadership. 

"The business has a vitally important purpose to help Australians achieve financial freedom and I am looking forward to helping CFS’ almost one million members and investors achieve their goals and aspirations."

Read more about:


Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you



sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry


My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago