Crestone Wealth Management, which was created from the acquisition of UBS Wealth Management Australia, has announced the appointment of a high profile non-executive Director of the board.
In a coup for the new wealth manager, Leigh Clifford, who is Chairman of Qantas Airways, will add strong expertise in the management of businesses in Australia and internationally, as well as substantial governance experience as a board director in industry, resources and banking. He previously held directorships on the Boards of Barclays Bank plc, Rio Tinto plc, Rio Tinto Limited, and Freeport-McMoRan Inc. He is also a Senior Adviser to Kohlberg Kravis Roberts & Co.
Gaining Market Share
Crestone see Clifford's experience as complementary to their own business, which delivers global investment advice to its Australian client base of high-net-worth individuals, family offices and not-for-profit organisations.
Since its official launch in June this year, which finews.asia reported, Crestone has made steady progress winning several distribution partnerships and now claims to have in excess of $14 billion of client assets under management.
High Standards of Governance
Crestone has secured a global network of strategic partners which includes UBS, Commonwealth Bank of Australia, Credit Suisse and Northern Trust, as well as market leading technology platform provider Avaloq.
«We are delighted that someone of Leigh’s calibre has accepted our invitation to join the Crestone Board. Leigh brings very valuable experience and insight, which will be instrumental in helping Crestone to deliver continued growth over the coming years while ensuring we provide the high standards of corporate governance Crestone has set for itself and expected of it by its clients and regulators,» said John McDonald Chairman of Crestone.
