CountPlus hires ex-CBA GM as CEO
CountPlus has tapped a member of Count Financial’s former parent, Commonwealth Bank of Australia, to replace Matthew Rowe as chief executive.
The firm announced to the ASX on Friday morning that Hugh Humphrey, who served as executive managing director of wealth advisory at CBA, will start on July 1, 2022.
Matthew Rowe left CountPlus as CEO in February, with CFO Laurent Toussaint taking over on an interim basis. Toussaint has now been promoted to chief financial and operations officer responsible for the company’s financial and operational functions, in recognition of his “exemplary work” as interim CEO, the company said.
At CBA, Humphrey oversaw 1,200 people and $0.5 billion in revenue, leading the company’s client remediation program as well as improvements in corporate ethics, education and professionalism. .
Rowe’s tenure saw CountPlus acquire Count Financial from CBA for $2.5 million in June 2019 – a fraction of the $373 million CBA paid Barry Lambert in 2011.
At the time of the acquisition, Rowe described their “shared history” as one of the things that made CountPlus a “natural home” for Count Financial advisers.
“The Count Financial network already fits our ‘family picture,'” he said in 2019.
Humphrey left the ABC in August 2019 where he spent the next three years at NAB as Managing Director of the bank’s NSW Metropolitan and Emerging Markets business. He was responsible for around a hundred branches with 600 people and 300,000 clients.
CountPlus President Ray Kellerman highlighted Humphrey’s experience with two of the Big Four banks, as well as AMP, where he was director of strategy and transformation for advice, pensions and banking. between 2013 and 2016.
“Hugh’s experience in strategic growth, digital capabilities and transformation, as well as his vision for the future of the board as well as leading teams in accounting and related services are key attributes that the Board of directors have identified as critical to the continued success of the business,” he said in a news release Friday morning.