Crestone Wealth appoints Westpac exec

In a statement today, Crestone Wealth Management, which was established last year by former UBS Wealth Management employees, announced the appointment of Peter Hawkins to the role of independent board director effective from the end of September 2017.

Mr Hawkins currently serves on the board of Westpac Banking Corporation (WBC) and is chair of the technology committee for the WBC board. He also serves on the boards of Mirvac Group and Liberty Financial.

Mr Hawkins’ career includes a 34-year tenure with ANZ where he held various senior executive and directorship positions, including group managing director, group strategic development.

His independent counsel and direct knowledge of the regulatory and technology shifts impacting the Australian financial services sector will help to guide Crestone’s strategic positioning, the statement said.

“Crestone has demonstrated a capacity for maintaining the strong trust of its significant client base of high-net-worth individuals, family offices and not-for-profit organisations in Australia,” Mr Hawkins said.

“Its ownership structure and access to best-of-breed partners has created a real opportunity in the Australian market that is very exciting for the business and its clients.”