Centrepoint CEO to depart

Centrepoint Alliance CEO Angus Benbow is set to leave the organisation at the end of May.

Centrepoint chair Alan Fischer said, "We thank Angus for the contribution he has made to Centrepoint Alliance, particularly the repositioning of the advice business through his leadership of the Strategic Refresh transformation, during a significant shift in the regulatory environment. He has led Centrepoint Alliance through an unparalleled period of change in the financial services industry.

"Angus leave the Company in a strong financial position and with an enhanced reputation for its professional delivery of services to financial advisers. Angus has very professionally and with great energy led the Company through its transformation, and on behalf of the Board of Directors and our shareholders, I wish him all the best in his future endeavours."

Benbow became the Centrepoint CEO in 2018 following several years with Shadforth Financial Group after its acquisition by IOOF. He was also a transformation and integration director with Perpetual Limited while that organisation went through a strategic review to simplify and refocus operations. He started his career as an officer in the Royal Australian Navy.

"I take great pride in our accomplishments during the more than three years in which I have served the Company and the advisers and clients throughout Australia that we support," said Benbow. "I am grateful for the opportunity to have led Centrepoint Alliance through its transformation and repositioning at a period of such disruptive and significant industry change, and strongly believe that the Company is well-positioned to continue its recent growth."

A spokesperson for Centrepoint confirmed to Industry Moves that Marty Carne, the organisation's chief legal officer, will head up the executive team until Benbow's replacement is appointed.