Clime Investment Management group CEO to depart
Clime Investment Management has announced its group CEO Annick Donat is to resign from the firm.
In an ASX statement, the firm said Donat will step down from 31 July after three years in the role.
She initially joined Clime in 2020 as the former CEO of Madison Financial Group, which was sold to licensee Infocus last month in a $2 million deal, and was appointed CEO the following year in April 2021. Prior to heading up Madison, Donat was head of licensee development at BT Group licensees.
Following the divestment of Madison, Clime said it will streamline its operations to focus on funds management and private wealth.
“In combination with the cost initiatives already enacted, the divestment of Madison positions the company for profit improvement in FY25. This strategic move enables Clime to concentrate on its core asset management and private wealth capability, which currently exceeds $1.3 billion in funds under management and advice,” Clime said in an ASX statement in May.
In a statement to the ASX on 15 July, Donat said: “After four fulfilling years with Clime, I have made the decision to step down as group CEO. Throughout this time, we have navigated an evolving market landscape, and I am proud of the resilience and dedication our team has shown. Together, we have achieved considerable progress in key areas.
“I want to extend my heartfelt thanks to our talented team, especially Kara Boden, COO and Tushar Kale CFO, for their exceptional contributions in reshaping the infrastructure foundations of the company. I am also grateful for the support and commitment of the extended leadership team.
“As I transition out of my role, I remain a committed shareholder and am confident in the company's potential. I wish the business continued success and thank the board, our shareholders, clients and our incredible team for their support during my tenure.”
The Clime board wished Donat all the best in her future endeavours but did not specify who would be filling the role once she departs.
AUTHOR
Laura Dew
Recommended for you
Money Management and principal partner, Mortgage Choice, are proud to announce 30 winners for the annual Women in Finance Awards 2024.
Pitcher Partners has urged caution about the use of private credit funds, despite a widespread push by fund managers on the benefits of the products.
Just one day after Selfwealth received a “highly attractive” acquisition bid from Bell Financial Group, it has received a second non-binding indicative proposal from a rival.
With nearly one-third of financial advisers utilising Australian Ethical’s investment options, expanding its advised channels remains a key focus for the firm.
