Centrepoint Alliance expands board with two appointments
Centrepoint Alliance (CAF) has appointed two non-executive directors to its board.
Peter Rollason has been appointed as an independent non-executive director from 12 December.
He is also a non-executive director at COG Financial Services, which took a 20 per cent stake in Centrepoint Alliance in November for $13 million, and has 35 years’ experience in financial services across Australia, the UK and Asia.
Announcing the 20 per cent stake last month, COG said: “The strategic rationale for the acquisition of the CAF interest is that it builds on the first limb of COG’s strategy. By acquiring the CAF stake, COG is further applying its expertise in the identification, due diligence, integration and management of interests in financial services distribution businesses, in this case wealth management services.”
The second appointment is of Anthony Vogel, effective from 6 December, as a non-executive director.
Vogel is an investment manager at Thorney Investment Group, and also a substantial shareholder in Centrepoint Alliance. He previously worked at Kaplan Funds Management and Trowbridge Deloitte, and has over 20 years’ experience.
Centrepoint Alliance chair, Simon Swanson, said: “Anthony has valuable knowledge of the industries we operate in and his expertise will make him an important contributor to the Centrepoint board.”
Vogel commented he was attracted to joining the board as he believes the licensee is well-positioned to benefit from the demand for financial advice.
“I am excited to be joining the board at this time given the requirement for financial advice remains important and following a period of reduction in the number of financial advisers in the market. Centrepoint Alliance is well-positioned in this market.”
Vogel and Rollason will join Swanson and non-executive directors Georg Chmiel, Martin Pretty and Linda Fox on the board.
Shares in Centrepoint Alliance have risen 35 per cent over the past year to 12 December versus returns of 0.2 per cent by the ASX 200.
AUTHOR
Laura Dew
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