Wealth management platform provider HUB24 (ASX: HUB) has reached $5 billion in funds under administration (FUA) and announced several senior appointments as it positions itself for further growth.
HUB24 has tripled in size over the last 2 years and is well positioned to continue its growth and the development of the company’s market leading platform. This milestone has been achieved through the ongoing support from advisers, clients, shareholders and staff.
HUB24 Managing Director Andrew Alcock said: “Reaching $5bn in FUA is a significant achievement for both HUB24 and for our industry. It’s an accolade for choice, innovation, value and great technology. These factors as well as client demand for heightened control, flexibility and transparency are representative of the ongoing transformation of wealth management for all stakeholders.”
The company’s growth has been underpinned by a strong team who are focussed on delivering better outcomes for advisers, their clients, licensees, fund managers, stockbrokers and shareholders. This solid growth is expected to continue and accordingly HUB24 is announcing the recent senior appointments of George Deva as Head of Product Strategy, Anne McDonnell as Head of Marketing, Damon Fenner as Group Financial Controller, and Jerome Swindon as Senior BDM in Victoria.
• George Deva will focus will on building and expanding the platform product suite and increase HUB24’s focus on the stockbroking and private wealth management markets. Prior to joining HUB24 Mr Deva served as Ord Minnett’s Head of Platform, Product and Sales. He has also held management posts with State Street and has over 20 years’ experience in financial services.
• Anne McDonnell has joined HUB 24 to lead their brand and marketing strategy. Anne has over 15 years financial services experience having worked previously at BT Financial Group as Senior Manager, Platforms Marketing and prior to that with J.P.Morgan Investment Bank in product development and sales roles in their London and Sydney offices.
• Damon Fenner will work closely with CFO and Company Secretary Matt Haes to support high profile business partnerships. Mr Fenner has over 15 years’ finance and accounting experience, working for Commonwealth Bank and interdealer broker ICAP, among others.
• Jerome Swindon joins HUB24 from technology provider Praemium, where he spent over four years as a BDM servicing VIC, SA & WA, as well as time working with National Key Accounts. Prior to that, he worked for BlackRock where he had account management responsibility for BlackRock’s retail client business, promoting the business SMAs. He has over 17 years’ experience in financial services.
“The appointments of George, Anne, Damon and Jerome will be instrumental in ensuring we keep evolving and responding to the demands of the industry. We are very focussed on ensuring we have the best talent in our business to maximise additional growth opportunities,” Mr Alcock added.
Recent awards have added recognition to HUB24’s trajectory of innovation in financial services. These include the 2017 Super Ratings Fast Mover award for HUB24’s superannuation fund, and the 2016 Investment Trends awards for Best Industry Platform for Managed Accounts Functionality, Best Tablet/Smartphone Access, and Best Navigation and User Interface.
