Shahin joins Crescent Wealth board

Charlie Shahin, managing director of Peregrine Corporation, has joined the board of Crescent Wealth.

He replaces Samier Dandan, president of the Lebanese Muslim Association, who stepped down from the board to focus on growing new parts of the group. Issam Eid, a portfolio manager with Salter Brothers, left the shareholder registry.

Shahin is the eldest son of Peregrine Corporate founder Fred Shahin. Peregrine generates more than $2.9 billion annually and is one of Australia's largest privately-owned companies.

"On behalf of my fellow board members I would like to welcome Charlie to the register and the board and say how much we value his presence and look forward to his guidance and counsel," said Crescent Wealth managing director Talal Yassine. "I would also like to thank Samier Dandan and Issam Eid for their work and commitment over the last decade. You go with our sincere appreciation and thanks."

Shahin said he was delighted to be a part of the Crescent Wealth team. "Crescent Wealth has been a pioneer in Australian financial services and a champion for Islamic finance initiatives. We share the same values and a passion for ethical investing. I look forward to working with the Crescent Group team over the next many, many years."