Business News

Lane departs Count Financial

Count Financial chief executive David Lane last week announced his resignation to take up a group executive position at Perpetual Investments, commencing on 10 April.

Lane joined Commonwealth Bank of Australia (CBA)-owned Count Financial as chief executive in 2011.

Prior to this, he was general manager of strategic development in CBA’s wealth management division, which included its asset management, platform, advice and insurance businesses.

He was also a member of CBA’s wealth management leadership team.

A Count Financial spokesperson told selfmanagedsuper: “Michael Csavas has been appointed acting chief executive officer of Count Financial while an internal and external candidate search is conducted.

“We wish David every success as he moves on to new opportunities.”

In October 2014, Count Financial launched an online facility to assist accountants who were considering obtaining an Australian financial services licence to provide financial advice to SMSF clients in gaining a better practical understanding of what the process involved.

Lane was also previously chief operating officer of Neuberger Berman’s hedge fund business, and holds experience with Aetos Capital, Goldman Sachs and JP Morgan Chase.

Perpetual Investments covers investment management, distribution, product manufacturing and operations.

It had $31.9 billion in funds under management as at 31 December 2016.

Commenting on Lane’s appointment, Perpetual chief executive Geoff Lloyd said: “David has an impressive depth and breadth of leadership experience across asset management, investment banking and all aspects of wealth management on a global and local level.

“He has a proven history of articulating clear business strategy and motivating people to deliver great client and business outcomes.

“His client-first approach will resonate within our business and he is well placed to continue to drive Perpetual Investments forward.”

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