New Lonsec Group CEO and New Director

From

Lonsec is pleased to advise that Charlie Haynes has been appointed as the new Group Chief Executive Officer of Lonsec Holdings. Charlie has a long and distinguished career in the consulting and finance industries. At the same time, the Board announced that Ian Knox has accepted their offer for him to join the Lonsec Holdings Board as a Director.

These appointments come at a time of continued growth within all parts of the Lonsec Group and are designed to assist in maintaining that growth well into the future. Chairman of Lonsec Holdings, Jeff Bresnahan noted, “Both Charlie and Ian have successful track records in growing businesses. At the same time Charlie is incredibly well respected for his strong client and staff focus as well as proven execution capabilities. These attributes fit perfectly with Lonsec’s strategy”.

Both Ian and Charlie were highly attracted to their respective roles due to Lonsec’s unique market positioning. They have a strong belief that Lonsec has significant opportunities in many parts of the market. Bresnahan added “Their understanding of all the markets Lonsec operate in will allow for the momentum of each of our existing businesses to be continued. Further, it will also allow us to better target potential acquisitions within the industry. We are, as a Group, always on the lookout for acquisitions that are compatible with our long-term strategy.”

Charlie’s experience ranges over some 30 years and includes early exposure to systems, project management and management consulting firms such as Lloyds, Bankers Trust and Worldgroup. In more recent times he was the Australian Manager and Managing Director of the predominately UK based firm FIS-Software, before successfully co-founding the Paragem businesses in Australia. Paragem was created in 2005 and the respective subsidiaries were successfully sold to Netwealth in 2011 and HUB24 in 2014.

Ian has been in the financial services industry for almost 40 years and his experience in both the funds management and financial planning industries is significant. He was also the co-founder of Paragem and is well known in the industry as a thought leader who in more recent times has consistently been able to position financial planning practices as leaders in the industry. Ian’s experience in working with major fund managers and financial planning practices will be invaluable to Lonsec and its growth strategy.

Bresnahan concluded by saying “These appointments are significant for the Group and to have two individuals so highly experienced and regarded, who both have such confidence in Lonsec, speaks volumes on Lonsec’s current market positioning and the opportunities available”.