Class’ CEO to step down


Class Limited’s chief executive and managing director, Andrew Russell, will step down from his role, effective 16 February.
In the announcement made to the Australian Securities Exchange (ASX), the company said that the Class and the HUB24 boards had agreed that as a result of Class now becoming a business unit within HUB24, following the court approval of the acquisition, this would be a “the right time for him to step down”.
At the same time, Russell would remain an adviser to the CEO and managing director, Andrew Alcock, during a transition period.
The company advised that Jason Entwistle, HUB24’s director of strategic development, would be appointed as interim CEO and managing director of Class on implementation of the scheme, reporting to Alcock while a selection process would be undertaken for a permanent replacement.
At HUB24, Entwistle was responsible for the group’s strategy and had worked with the Class team over the past few months to finalise the transaction.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.