Former CFS exec joins Centrepoint Alliance board

centrepoint alliance colonial first state commonwealth bank financial advice boards

27 November 2023
| By Laura Dew |
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Centrepoint Alliance has appointed Linda Fox as independent non-executive director.

In a statement to the ASX, Centrepoint Alliance said she will take up the role from 1 December.

Fox previously spent seven years at Commonwealth Bank until 2021 including six years as chief financial officer for Colonial First State and wealth management advice. She was also a director of its Colonial Services Pty. 

She also spent six years as chief financial officer at financial advice and investment manager Shadforth Financial Group, which was later acquired by IOOF for $640 million in 2014.

Before moving into the advice and wealth space, she worked as chief operating officer at Schroders and chief financial officer at Merrill Lynch Private.  

Fox will join chairman Simon Swanson, non-executive director Georg Chmiel and non-executive director Martin Pretty on the board of the ASX-listed company.

Centrepoint chairman Swanson, said: “We are delighted to welcome Linda to the board and look forward to the depth of knowledge and expertise she will bring to the company. Linda’s extensive background in the financial services industry will be a huge asset and she will be a valuable member of the board.”

Fox added: “Financial advice is more important now than ever. It is a privilege to be appointed to the CAF board and have the opportunity to oversee the provision of financial advice to more Australians.”

The company recently saw a 19.9 per cent stake acquired by COG Financial Services for $13 million as ClearView Wealth exited the 24.5 per cent stake it had acquired in November 2021. 

Recently, the firm discussed plans to develop key adviser infrastructure known as the “Adviser Cloud” to support self-licensed advisers. Part of this includes a partnership with a portfolio administration service.

“In an industry where services are highly fragmented, our future plans include the development of key adviser infrastructure or ‘everything you need to run an advice business in the cloud’ which we refer to as the ‘Adviser Cloud’ initiative," said CEO John Shuttleworth.

“We are also focused on developing and partnering with fintech providers to provide new digital tools to streamline the advice process and improve engagement with end clients.”

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