Sheila McGregor joins a majority non-executive Crestone Board
The Board of Directors of Crestone Wealth Management (Crestone) has announced the appointment of Sheila McGregor to the Board. Ms McGregor is a senior and highly-regarded company director, whose appointment completes a targeted recruitment of accomplished non-executives to the Crestone Board.
Concurrently, and in line with its objective to secure a Board comprised of a majority of non-executives, respected Chief Operating Officer, Michelle Inns, will also retire from the Board and focus on her management role.
Additionally, Leigh Clifford assumes the position of Chairman, succeeding John McDonald who remains a non-executive director of the Board.
"These changes complete the build out of Crestone's Board and position us strongly for the future, with a strong Board and management to steer the growth of the firm," said Mike Chisholm, Crestone Chief Executive Officer.
Ms McGregor is widely recognised as one of Australia's leading information technology (IT) legal practitioners, currently serving as a senior partner and board member at law firm Gilbert & Tobin.
In addition to her legal and IT experience, Ms McGregor brings extensive experience in business strategy and governance obtained through board roles across listed, unlisted, and not-for-profit organisations.
Her experience includes having served on the board of Seven West Media where she was a member of the firm's Audit & Risk Committee. Ms McGregor previously served at Freehills as a board member and senior partner.
Ms McGregor's experience extends to financial services. She has served on the board and Audit & Risk Committee of the Commonwealth Bank of Australia's life and general insurance companies. She is an active participant in the not-for-profit sector, serving in various roles.
Her appointment expands the number of non-executive directors on Crestone's Board to four, in line with Crestone's stated goal of securing a majority of non-executive directors.
Given Ms McGregor's appointment, Chief Operating Officer, Michelle Inns, will step down as a director following Crestone's annual general meeting in November. Two executive directors will remain on the Board—Mike Chisholm and Crestone Vice Chairman and Head of Advisory, Clark Morgan.
Mr Chisholm said: "Crestone's significant client base of high-net-worth individuals, family offices and not-for-profit organisations is expected to grow significantly in 2018 as we build up our resources and capacity to provide a valuable and distinct offering to our clients across a range of investment opportunities.
"Crestone has strong strategic partners, including UBS, Commonwealth Bank of Australia, Credit Suisse and Northern Trust. This provides Crestone clients with global investment research, domestic and international securities dealing, custodial services and investment capabilities that are unsurpassed in the Australian market," he said.
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