David Macri

Specialist wealth platform provider, Mason Stevens, has announced it has appointed David Macri, as Head of Asset Allocation.

Mr Macri joins the firm after 14 years, at ASX-listed ethical investment management company, Australian Ethical Investment. He has over 25 years’ experience in investment management & superannuation, with proven capability in strategic planning, multi-asset portfolio management and executive leadership.

Mr Macri will report to Chief Investment Officer (CIO), Jacqueline Fernley, to continue to evolve the Mason Stevens Outsourced CIO offering. As Head of Asset Allocation, David will be primarily responsible for the strategic and dynamic asset allocation solutions for Mason Stevens’ platform clients running managed portfolios.

Ms Fernley said: “David has an enviable track record of investment performance and a broad experience across multi-asset portfolio management and investment strategy. David is highly credentialed in Responsible Investment, which combined with his investment experience and reputation, make him a valuable addition to the team.

“He will play an important role in helping advisers evaluate and implement strategic portfolios that aim to enhance investor outcomes. We look forward to welcoming David to the team.”

Commenting on his appointment, Mr Macri said: “I am excited to be joining Mason Stevens during such a key period of growth. There is strong personal alignment given Mason Stevens’ focus on meeting the needs of each client, I am confident that together with the very talented team, we will achieve great client outcomes.”

Mr Macri is a CFA Charterholder, holds a Graduate Diploma in Applied Finance & Investment from FINSIA and a BSc (Advanced Mathematics) from Macquarie University. He is currently the Chair of MarketMeter’s Advisory Board and is an Advisory Board member of Australian Estate Management. He has held previous executive roles at Macquarie Securities, Credit Suisse Asset Management, Mellon and Mercer.

The appointment follows the recent hire of Chief Financial Officer Laurent Toussaint as Mason Stevens bolsters its executive and leadership teams.

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Laurent Toussaint

Specialist wealth platform provider, Mason Stevens, has announced it has appointed Laurent Toussaint, as Chief Financial Officer.

Mr Toussaint joins the firm from ASX-listed wealth management and accounting network, Count Limited, where he served as Chief Financial and Operating Officer.

A highly experienced leader with 25 years of experience in finance, mergers and acquisitions, strategic planning, and executive leadership, Mr Toussaint’s previous roles include Chief Financial Officer at Ambition, Dimension Data and Associate Director – Mergers and Acquisitions at Deloitte Australia.

Mr Toussaint will join the Mason Stevens Executive Committee and play a critical role in steering Mason Stevens through the next phase of its growth journey.

Mason Stevens CEO Tim Yule said: “Laurent’s strategic guidance and financial acumen, coupled with his track record of providing effective leadership, and experience in the IT and Wealth sectors, made him a perfect fit for Mason Stevens.

“We’ve set our sights on ambitious growth targets and the CFO is an important part of that journey. We look forward to welcoming Laurent to Mason Stevens and benefitting from the valuable contribution he’ll make to delivering our growth strategy.”

Commenting on his appointment, Mr Toussaint said: “I am excited to be joining Mason Stevens at such a pivotal time of growth and momentum for the business.

“Given its impressive track record and solid potential, I am confident that together with the talented team, we will achieve great things.”

Mr Toussaint will join the business in October 2023 and succeeds Wayne Twomey, who will work to ensure a smooth transition before his retirement.

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Humphrey’s appointment will lead the Company into its next growth stage and will commence on 1 July 2022.

Mr. Humphrey’s appointment will ensure that CountPlus is well-placed to continue its evolution into a significant financial services group with a strong focus on top-line revenue growth driven by organic and inorganic initiatives.

Chairman Ray Kellerman said: “Hugh’s experience across strategic growth, digital and transformation capabilities, along with his vision for the future of Advice as well as leading teams across accounting and related services are key attributes the Board identified as critical for the Company’s ongoing success.”

Mr. Kellerman also confirmed Mr. Humphrey’s team leadership strengths and the elevation of Mr. Toussaint demonstrates a commitment to building the existing leadership talent within CountPlus.

“Together with Laurent Toussaint’s operational strength, Hugh’s appointment creates a strong team dedicated to achieving our long-term goals,” said Mr. Kellerman.

“During his twenty-plus-year career in financial services, Hugh has specialised in wealth management at leading firms including National Australia Bank, Commonwealth Bank, and AMP. The growth of CountPlus and its people will benefit from Hugh’s leadership and industry experience.”

As General Manager of NAB’s consumer bank across metropolitan NSW and emerging markets Mr. Humphrey was responsible for one hundred branches which included 600 people and 300,000 customers. He delivered positive business growth, substantial improvements, network transformation and digital migration.

As both General Manager and Executive General Manager at CBA Wealth Management Advice, he oversaw 1,200 people and $0.5 billion in revenue. He also led a substantial customer remediation program and delivered significant improvements in the business’s ethics, education, and professionalism.

Mr. Humphrey thanked the CountPlus Board for its confidence in his ability to lead the Company and harness its executive leadership group.

Mr. Humphrey said: “Over the last several years, I have observed a rejuvenated CountPlus and Count Financial, and I feel privileged to join this strong Company with a known culture of growth and professional excellence.

“I’m looking forward to getting started so that we can work to deliver positive client outcomes every day while also delivering returns for our shareholders,” he said.

Chief Financial and Operating Officer

Laurent Toussaint was also promoted by the Board to Chief Financial and Operating Officer responsible for the Company’s financial and operational functions, in recognition of his exemplary work as interim CEO.

“On behalf of the Board and CountPlus, I congratulate Laurent Toussaint on his well-deserved promotion. We thank Laurent for his commitment as interim CEO over several months,” Kellerman said.

Mr. Toussaint said: “I’m delighted to accept the expanded responsibilities of Chief Financial and Operating Officer as we work together to lead CountPlus into its next stage of development and growth.”

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