CFS appoints group CEO

26 September 2023
| By Laura Dew |
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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."

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