Ms Berry is an accomplished director who has advised public listed entities and privately owned businesses with an emphasis on advice and regulatory expertise.

Her appointment replaces Mr Peter Brook, who formally departs the Board effective today.

Ms Berry currently serves as Director of the Tax Practitioner Board and as Director of the Future2 Foundation.

She was formerly Chair of a subsidiary company of ASX listed company CountPlus Ltd (ASX: CUP), Chair of the Financial Planning Association of Australia and Chair of the Institute of Financial Advisers in New Zealand.

Xplore Chairman Alex Hutchison said the Board welcomes Julie Berry, who, among her many business accolades, was also an Australian representative to the international Financial Planning Standards Board Ltd, the Global Standards Body for financial planners comprising some 32 member countries.

Ms Berry holds a Diploma of Financial Planning, is a life member and fellow of Financial Planning Association of Australia and is a graduate of the Australian Institute of Company Directors.

Following this appointment, the Xplore Wealth Board will have 4 Non-Executive Directors.

“Ms Berry’s experience demonstrates leadership, change management and stakeholder management skills,” said Mr Hutchison.

“These skills together with her broad financial services industry experience that includes financial advice, superannuation, not for profit, government and domestic and overseas regulation, are well regarded and the Board looks forward to her contribution for the mutual benefit of the Xplore Wealth business, its clients and shareholders”.

The post Xplore Wealth Ltd appoints New Non-Executive Director as Mr Peter Brook departs appeared first on AdviserVoice.

Heather David

Managed Accounts Holdings Limited (ASX: MGP or “Managed Accounts”) has revised the execution timetable for its merger with Linear Financial Holdings (“Linear”).

Chief Executive of Managed Accounts David Heather said completion of the binding transaction documents executed by Linear shareholders and final due diligence are expected on or around Friday 20 October, a MGP shareholder meeting will occur on 9 November and settlement of the MGP capital raising should occur around 14 November.

Mr Heather’s update comments were announced at the firm’s Annual General Meeting yesterday, at which Don Sharp and Peter Brook were re-elected as directors of MGP, to join Alex Hutchison on the MGP Board.

Mr Heather said that since the transaction was announced on the ASX, it had received significant interest from institutional investors. The $34 million capital raise will be used for the Linear transaction to extinguish $20.5 million in debt to third parties, fund $8 million in cash to Linear shareholders and provide $5.5 million for transaction costs and working capital for the combined entity.

“We are positioned well for the current shift in the landscape towards managed accounts from non-discretionary solutions such as wraps. Shifts such as these are a one in a 15 or 20-year event and present tremendous growth opportunities for the combined entity. We have received positive support from clients, providers and existing shareholders for the merger and the benefits the combined entity can offer to existing and future new clients,” Mr Heather said.

The post Managed Accounts firms timetable for Linear merger appeared first on AdviserVoice.