Mason Stevens appoints chief executive
Mason Stevens has announced the appointment of Tim Yule as chief executive following the retirement of Vincent Hua who has been with the company for 11 years.
Yule would bring over 25 years of experience in investment banking and wealth management businesses at firms such as UBS, Royal Bank of Scotland, Perpetual, and Westpac, with experience in investment markets and wealth management.
Commenting on the retirement of Hua from the role of chief executive and chief investment officer, Mason Stevens chair, Patrick Handley said Hua had played a role in the firm’s achievements in the last decade.
“His contribution has been invaluable, especially in the development of our unique offering of providing a wide range of investment opportunities to our clients,” Handley said.
Hua said: “It has been an honour to have been part of Mason Stevens. I am proud of what we have achieved, our clients and our team. I wish them every success in the future”.
Handley said Yule had played an integral part of Mason Stevens for the last six and a half years in his role as managing director and co-head of distribution.
“He has been on the journey for our entire technology build and the development of our product set, and is very well placed to take the business forward,” Handley said.
Yule said: “We are embarking on an exciting time for the business. Our foundations are strong, and we are just coming off the largest half of inflows in the firm’s history.
“Our leading investment platform technology combined with decades of collective investment expertise and support, is proving to be a very attractive proposition for advisers and their clients.”
“We have always been incredibly focused on our platform clients; delivering an outstanding client experience, alongside investment insights, and that will remain at the core of what we do. It is what makes us unique in the market and drives our deep and enduring client relationships. In short, we are a ‘Platform with a Purpose’.”
“I am excited to be leading an incredibly talented team into this next phase of growth for the firm.”
Ron Erdos, executive director and chief operating officer, would manage current investment management activities in the interim until further appointments were made.
AUTHOR
Liam Cormican
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
