Board

Board

Our Board currently consists of two executive directors and four non-executive directors. They approve 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.

 

 

Leigh Clifford
NON-EXECUTIVE CHAIRMAN

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 Bechtel Australia Pty Ltd. a director of Bechtel Group Inc (USA) 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 is the immediate past chairman of Qantas Airways Ltd, and 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.

Peter Hawkins
NON-EXECUTIVE DIRECTOR

Mr Hawkins’ career in the banking and financial services industry spans over 40 years in Australia and overseas at the highest levels of management and directorship of major organisations. This includes a 34-year tenure with Australia and New Zealand Banking Group Limited (ANZ), where he held various executive positions, including group managing director, personal financial services and group managing director, group strategic development. This later role saw Mr Hawkins oversee the expansion and reshaping of ANZ’s businesses. Mr Hawkins currently serves on the boards of Mirvac Group and Liberty Financial Limited. He was previously a director of BHP (NZ) Steel Limited, ING Australia Limited, Esanda Finance Corporation, Visa Inc, Treasury Corporation of Victoria, Murray Goulburn Co-operative Co. Limited, MG Responsible Entity Limited (the responsible entity for ASX-listed MG Unit Trust), Clayton Utz and Westpac Banking Corporation.

Barbara Ward
NON-EXECUTIVE DIRECTOR

Barbara Ward brings significant financial industry, operational and international experience. Ms Ward has been a director of Qantas Airways Limited since 2008 and chairs the company’s Audit Committee. She is also currently a director of Ampol Limited and a number of Brookfield Multiplex Group companies.

Ms Ward has previously served on the boards of a number of large and listed companies, including the Commonwealth Bank of Australia, Lion Nathan Limited, Multiplex Limited, Data Advantage Limited, Allco Finance Group Limited and the Rail Infrastructure Corporation. She was also a board member of The Sydney Opera House Trust and Sydney Children’s Hospital Foundation.

Ms Ward was Chief Executive Officer of Ansett Worldwide Aviation Services from 1993 to 1998. Prior to that, she held various positions at TNT Limited, including General Manager Finance and served as a senior ministerial adviser to the Honourable PJ Keating.

Sheila McGregor
NON-EXECUTIVE DIRECTOR

Ms McGregor is a partner at Gilbert + Tobin in Sydney and is an experienced commercial adviser, company director and senior lawyer. During a career spanning over 20 years, she has advised senior management and boards of some of Australia’s leading companies in the financial services, information technology, media and telecommunications industries.

Prior to joining Gilbert + Tobin in 2003, Ms McGregor was a senior partner at Freehills. She is a non-executive director of IAG Limited and of not-for-profit St Vincent’s Health Australia, and is on the board of the Sydney Writers’ Festival. Ms McGregor is also Chair of Sydney girls’ school, Loreto Kirribilli, a former chairman and president of the Royal Women’s Hospital Foundation Board, and is a former director and board member of Gilbert + Tobin. She holds a BA (Hons), LLB from Sydney University and is a Graduate of the Australian Institute of Company Directors.

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 200 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. 

Clark Morgan
VICE CHAIRMAN AND HEAD OF STRATEGY AND DEVELOPMENT

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 Strategy and Development, 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.