Kylie Lambert steps down at Count
Countdeputy managing director Kylie Lambert will step down from the role at the end of this month and leave the financial services group to take on a management role in an aged care business owned by Lambert and her partner.
Lambert first announced her intention to resign from the group to its board in February of last year and will be replaced in the deputy managing director’s role by general manager Marianne Perkovic, who has been with the group for six years.
Lambert joined Count in 1991 at which time Count had a gross income of $2.3 million which has since climbed to $42 million at the end of the last financial year.
Lambert will remain a shareholder in Count, with slightly more than six million shares or 2.79 per cent of the listed group, saying the reason for retaining the stake is that Count “is a growth company in a growth industry and I have great confidence in the team managing Count, operationally led by Marianne Perkovic”.
Managing director Barry Lambert indicated in the release of last year’s annual report that he will remain with the group to at least 2006 and stated in a release to theAustralian Stock Exchangetoday the group is on track for a 2003/2004 operating profit of $10 million.
He also stated the group had applied for a variation to its Australian Financial Services Licence (AFSL) and would no longer be an IDPS operator.
The reason for this move, according to Lambert, was that at the launch of wealth e-account it was necessary due to the group’s and platform’s association withBT.
However BT has since removed this requirement with Lambert stating that there is a perception that wealth e-account is a Count product and this variation will remove that perception.
AUTHOR
Jason Spits
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
