"Innovation and creativity": Q&A with Adam Youkhana February 2019


Adam Youkhana, the former GM wealth at Yellow Brick Road, has joined Clime Investment Management to lead its client-facing teams. We ask Adam what drew him to Clime and what he's looking forward to most in the role. He also shares some thoughts on the industry, post-Royal Commission; the importance of 'striking the right balance'; and a little about his family life and passion for music.

What drew you to Clime Investment Management?

Certainly, the Brand was a key driver. Knowing of clients who have been with Clime, they rave about how well they have been treated and how the company feels like a family.

What are you most looking forward to in the role?

Innovation and creativity are an important part of success and Clime is geared with these attributes for the next phase of its growth strategy. Excited to be a part of that innovation!

You've moved from roles at big banks to smaller industry organisations. Is this a deliberate move? And, if so, what are the benefits?

Its all about striking the right balance with any position. When I considered the move to Clime it had the right mix of brand, culture, spans of control and employee benefits. Most importantly the flexibility around lifestyle and Clime having a focus on employees to help achieve the balance between employment and family time was a key factor.

In light of the Royal Commission findings, what do you see as the main challenges for the industry?

Regaining Australians' loyalty and trust across the entire financial services industry is paramount. Institutions need to have this at the centre of all their decision making regardless of the findings from the Royal Commission.

Part of your role at Clime will be looking after Clime Super, do you think we will see more interest in SMSFs as a result of the Royal Commission? And is this a good thing?

SMSFs have not escaped the inquiry’s attention so the emphasis falls back on trustees' responsibilities. I would say that most SMSFs will remain in place having invested heavily to set up the structure. It all comes down to individuals investment strategy and whether a non-SMSF structure can fulfil the desired outcome. Overall, if the economics stack up in running an SMSF, they will continue to present a valuable option and an area we will target for our growth plans here at Clime.

Who do you most admire and why?

I have my father's eyes and my mother’s heart. They are the ones I admire the most.

Where did you grow up and what was it like?

Born & raised in Sydney and moved to the West of Sydney to support our family business at a young age. Truly blessed with a wonderful upbringing and was given all the opportunities to grow & prosper. These family values I instil in my four children as they grow up.

Do you have a secret skill or hidden talent?

Huge passion for music and playing the guitar. Certainly cherish my acoustic and electric guitar collection.

View Move & related news stories View Adam Youkhana's profile