Board

Crestone Wealth Management

Our Board currently consists of three executive directors and two non-executive directors. They set the strategic direction and provide financial and risk management oversight of the Crestone group, including its licensed entity, Crestone Wealth Management. 

The Board has established corporate governance principles and processes for the business with reference to the Australian Securities Exchange corporate governance guidelines and a specific focus on protecting clients’ interests.

 

 

John McDonald - Crestone Executive Chairman
John McDonald
Non-Executive Chairman

John has 35 years of business experience across financial services and chartered accounting including executive and non-executive board roles. John’s experience includes time as Group Treasurer of AMP Limited, Chief Financial Officer of AMP Financial Services and most recently as Chief Financial Officer of Aussie Home Loans. He supported Crestone in the completion of the purchase negotiations and has acted as the primary interface with UBS.

John is a Chartered Accountant and a Graduate Member of the Australian Institute of Company Directors. John’s previous non-executive Director roles include the Australian Submarine Corporation, Lixi Limited and Chairman of St John’s College, Sydney University.

Leigh Clifford
INDEPENDENT NON-EXECUTIVE DIRECTOR

Mr. Clifford brings deep expertise in the management of businesses in Australia and internationally, as well as substantial governance experience as a board director in industry, resources and banking. He is Chairman of Qantas Airways, Chairman of Bechtel Australia Pty Ltd. a Director of Bechtel Group Inc and involved with the National Gallery of Victoria as a member of the Council of Trustees and Chairman of its Foundation.  He is a Senior Adviser to Kohlberg Kravis Roberts & Co. He previously held directorships on the Boards of Barclays Bank plc, Rio Tinto plc, Rio Tinto Limited, and Freeport-McMoRan Inc. 

Mr. Clifford had a distinguished career with Rio Tinto both in Australia and overseas, where he ultimately held the position of Chief Executive from 2000 to 2007. His experience is very complementary to the Crestone business, which delivers global investment advice to its Australian client base of high-net-worth individuals, family offices and not-for-profit organisations.

Michael Chisholm
Chief Executive Officer

As the CEO, Michael is responsible for leading all aspects of Crestone’s business. Since he joined the finance industry in 1992, Michael’s career has taken him from Sydney to London and to New York in a succession of pivotal management roles. Now back in Australia, he provides leadership and support to a team of over 170 at Crestone. 

Over the last 19 years, Michael has held a series of key positions for UBS in London, Sydney, Stamford and New York—encompassing Finance, Chief  Risk Officer, Chief Operating Officer,  and most recently, Managing Director and Head of UBS Wealth Management.

In 2015, Michael joined forces with fellow UBS peers to establish Crestone, an employee-owned wealth management firm. Combining global research, cutting-edge technology, and best-in-class strategic partners, products and services, Crestone delivers a wealth management experience unlike anything Australia has seen before.

For Crestone’s clients and Michael’s team, the benefits of his broad experience are enormous. Not only are his leadership credentials vastly reassuring, Michael also brings to Crestone a truly global perspective—and above all, an appreciation of the qualities that define a superior wealth management experience. Establishing Crestone has provided Michael with the ultimate opportunity to shape a wealth management firm that can deliver a comprehensive suite of global products and services, but still remain responsive to clients’ changing needs—something distinctly unique in the market.

Of course, Crestone is built on more than just infrastructure—culture is crucial too, and it’s here that Michael’s persistent pursuit of a vision is perhaps most powerful. By designing a working environment conducive to collaboration, Michael has set Crestone up to be a place where committed individuals unite to go above and beyond for the people who matter most—Crestone’s clients. As Michael says, “We can only achieve the best results for clients by working together.” 

Michelle Inns
Chief Operating Officer

With over 14 years’ experience in the financial services industry, Michelle brings a wealth of insight and practical knowledge to her role at Crestone. Highly strategic and solution-focused, she is able to identify and work through critical issues, and collaboratively develop solutions. The implementation of new initiatives and operational frameworks is also one of Michelle’s specific strengths.

Prior to becoming Crestone’s Chief Operating Officer, Michelle has thrived in many senior roles—from performance and business analyst roles for Prudential in Australia and the UK, to Chief Operating Officer for boutique firm Sentinel Wealth, and Change Manager for UBS. This has instilled in her the ability to see situations from a range of perspectives, and to understand the unique challenges that come with operating financial services businesses of different scales.

Whether it’s an HR, financial or governance issue, Michelle will quickly have a firm grasp of the issue, and clear views on actions to take. An open and clear communicator, Michelle embraces a consultative approach in her role at Crestone. By taking on board the input of all Crestone’s stakeholders, she strives to make balanced, effective decisions that reflect the firm’s values and strategic goals—both now and in the long run. 

Michelle holds a Bachelor of Business (Finance) and was Female MBA graduate of the year at UTS in 2007.

Clark Morgan
Vice Chairman and Head of Advisory, Victoria

Over the past thirty years, Clark has built a reputation as a respected leader in the wealth management and investment banking sectors—highly regarded by colleagues, clients and competitors alike. As Crestone’s Vice Chairman and Head of Advisory, he brings to the firm a rare combination of industry expertise, strategic insight, and management skill. For Clark, success hinges on building great teams, and he prides himself on fostering the collegial culture that drives Crestone’s exceptional client experience.

Clark began his career as a practicing solicitor, but turned his focus to finance and investment banking, initially at McIntosh Securities (which subsequently became Merrill Lynch). Clark was a member of the Executive Boards of both McIntosh Securities and Merrill Lynch Australia. His strong leadership and decision-making skills saw him establish, shape and grow significant core businesses. Clark joined UBS Wealth Management in 2001—where he has spent the last fifteen years in roles including Managing Director, CEO and Vice Chairman. Clark was member of the UBS Australia Executive Committee.

Now at Crestone, Clark continues to apply his knowledge and share his experience for the benefit of clients and team. In the financial services industry, Clark believes it’s essential to strike a clear balance between financial performance, client expectations, and reputation. As a leader, his goal is to keep these key elements aligned—empowering and inspiring colleagues to realise Crestone’s vision, and deliver exceptional results.