Investment platform recruits new CPO and board member

Darren Stevens will take on the investment platform’s newly-created CPO role from MLC where he worked as group executive, platforms and was responsible for the platform transformation strategy.

Prior to that, Mr Stevens was Mercer Australia’s head of superannuation and he also previously spent 10 years as director of strategy and product management for global fintech Bravura Solutions.

“HUB24 has a history of innovation and investing and developing product solutions that empower the financial future of our clients. I am delighted to have Darren join us with his depth of strategic and product development experience to bring together and drive our platform and technology product development initiatives, so we can continue to lead the industry as the best provider of integrated wealth platform, technology and data solutions,” HUB24 managing director Andrew Alcock said.

Meanwhile, Catherine Kovacs has joined the financial services company’s board as a non-executive director.

Ms Kovacs has over 30 years’ experience in the industry and has held senior executive leadership roles at Westpac, Ellerston Capital, Macquarie Group and BT.

“Cathy’s broad executive experience in fintech, business strategy and growth, and investments including M&A, further strengthens and expands the board skillset and supports our commitment to diversity,” HUB24 chairman Bruce Higgins said of the appointment.

“I look forward to Cathy’s contribution as a director of HUB24 Limited.”

The hires come as HUB24 revealed its June quarter results. On Tuesday, it reported a record platform quarterly net inflow of $3.9 billion; $2.2 billion from the HUB24 platform and $1.4 billion from the completion of the ClearView Wealth transition.

HUB24 finished the financial year with annual record net inflows of $8.9 billion.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.