HUB24 director, platform co-founder to step down

HUB24 non-executive director Ian Litster, the longest-serving member of the organisation's board, has resigned from the board.

Litster has more than a dozen years' experience in technology in wealth management, including founding the companies behind VisiPlan and COIN. Litster was also involved in the development of HUB24's investment and superannuation platform and was the first person appointed to the HUB24 board in 2012.

"During [the last eight years], the company has achieved rapid profitable growth with funds under administration increasing to $48 billion and the platform recently being recognised as Australia's Best Platform Overall," said HUB24 chair Bruce Higgins.

Said Litster, "I have enjoyed this opportunity to work with my fellow directors and all staff and I feel that this is the right time to retire from the board of HUB24. I intend to continue as a shareholder of HUB24 as I believe there are significant opportunities for growth."

The board has commenced a search for Litster's replacement.