HUB24 appoints former MLC exec to board
HUB24 has appointed former MLC and NAB executive Michelle Tredenick as a non-executive director.
She will join the board of HUB24 on 11 June and has 30 years of experience in financial services. She will also serve as a member of the firm’s remuneration and nomination committee.
Tredenick was formerly a senior executive at MLC as the chief executive of corporate superannuation, and later worked as the chief information officer at NAB.
Since moving on from NAB in 2009, she has held a variety of board roles and is currently a non-executive director at First Sentier Investors where she chairs the audit and risk committee, among several companies.
Her board roles cover a range of sectors including fund management, insurance and education.
Paul Rogan, chairman of HUB24, said: “Michelle’s broad executive experience across wealth management, superannuation and technology for large ASX-listed companies, combined with her extensive experience as an ASX and private company director, further strengthens and extends HUB24’s board expertise. I look forward to Michelle’s contribution as a director of HUB24.”
The board of directors currently consists of Rogan, managing director Andrew Alcock, non-executive director Catherine Kovacs, Tony McDonald and Rachel Grimes.
Rogan took on the position as chair in November 2023 after the previous chair and non-executive director Bruce Higgins opted to step down and take a career break, having served on the board since 2012.
New chair Rogan had previously been a non-executive director on the HUB24 board since 2017, and is also chair of the audit, risk and compliance committee, and a member of the remuneration and nomination committee.
In the most recent quarter for the three months to 31 March, the listed platform reported $100 billion in funds under administration. Total FUA reached $100 billion, comprising platform FUA of $79.7 billion and portfolio, administration and reporting services of $20.3 billion.
Platform net inflows were $3.5 billion, up 90 per cent on the prior corresponding period.
The FUA was helped by the inflows which included $0.8 billion from the first tranche of the migrations from Equity Trustees and positive market movements of $3.7 billion. Some 85 per cent of platform FUA came from retail while 15 per cent came from institutional.
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