Penni James – Independent Non-Executive Director
Penni James is a risk and compliance professional and by training a chartered accountant. Penni has over 25 years’ experience in the financial services industry including over 19 years’ risk and compliance management experience in global financial services organisations.
Penni is an independent director of Colonial First State Investments Limited and Avanteos Investments Limited (collectively CFS), the Chairman of the CFS Board Audit and Risk Committee and member of the CFS Member Outcomes Committee.
Ben Heap -Independent Non-Executive Director
Ben Heap has wide-ranging experience and expertise in asset and capital management as well as financial technology and digital businesses.
Mr Heap is a founding partner of H2 Ventures, a financial technology, data and artificial intelligence focused venture capital investment firm and a non-executive director of The Star Entertainment Group Limited. He is also a non-executive Chair and Director of CBA New Digital Businesses Pty Limited, a non-executive director of Gymnastics Australia, a Director of Red Bubble Limited, Complectus Limited and a Director of Mud Australia Pty Limited. He is also a member of the Australian Commonwealth Government’s Fintech Advisory Group.
Mr Heap was previously Managing Director and the Head of Australasia for UBS Global Asset Management and prior to this, Head of Infrastructure for UBS Global Asset Management in the Americas. He held a number of directorships associated with these roles and was a non-executive director of the Financial Services Council.
Mr Heap is a Director of Colonial First State Investments Limited and Avanteos Investments Limited (collectively CFS). He is also Chairman of the CFS Board Investment Committee and a member of the CFS Member Outcomes Committee and the CFS Board Audit and Risk Committee.
Gregory Cooper - Independent Non-Executive Director and Acting Chairman
Greg Cooper has considerable experience across Australia, the UK and Asia in Financial Services, with Investment industry experience spanning over 26 years.
Recently retired as the Chief Executive Officer and Director for Schroder Investment Management Australia, Mr Cooper has held previous roles as Global Head of Institutional Distribution and Head of Product Strategy for Asia Pacific spanning 18 years; and as the Former Head of Actuarial Consulting for Towers Perrin in Asia, based in Hong Kong.
Mr Cooper has served as Deputy Chairman and Director of the Financial Services Council for 10 years and is currently a Director of NSW Treasury Corporation, Perpetual Limited, The Australian Indigenous Education Foundation, Kincoppal Rose Bay School of the Sacred Heart, EdStart Pty Limited and OpenInvest Holdings Limited.
Mr Cooper is a Director and the Acting Chairman of Colonial First State Investments Limited and Avanteos Investments Limited (collectively CFS). He is also Chairman of the CFS Member Outcomes Committee and is a member of the CFS Board Investment Committee and CFS Board Audit and Risk Committee.
We’re committed to developing a culture of expert and passionate people. Successful teams create success for our customers, our shareholders and our community.
We’re committed to developing a culture of expert and passionate people. Successful teams create success for our customers, our stakeholders and community.
We recognise the importance of attracting, developing and retaining talented people to help us drive our vision of helping Australians achieve financial freedom.
As part of Commonwealth Bank, we can provide extensive career and development opportunities across the Group for our talented employees. Driven by the leadership team, we offer mandatory and structured learning, as well as our Future Leaders program. We maintain a strong focus on development planning and identifying individual needs.
Our teams are working closely together to share best practice, ideas, innovation and knowledge, as well as being involved in projects that extend across the wider Wealth Management business and the broader Commonwealth Bank.
We support this vision further by our commitment to flexible working arrangements for our people, a celebration of diversity and wellbeing, and an enduring commitment to the community.
Our highly skilled and experienced Executive team manage the daily operations of Colonial First State, and deliver on established policies and strategies.
Through their own careers, our leaders have made significant contributions to the broader wealth management industry. They are highly regarded and recognised by the industry.
Our leadership team is united and collaborates well. They have a respect for the past and decisions that have come before them, whilst having a real passion for the future. Most importantly, they are committed to equipping our teams with the skills required to provide world-class service to our customers.
Rob Coombe – Executive Chairman-Elect
Rob is currently Executive Chairman-Elect of Colonial First State, he joined the group in April 2021.
In addition, he is Chairman of Generation Development Group (previously Executive Chair 2017-2020) an ASX listed financial services company, which owns Generation Life, Ascalon Capital and operates a Pooled Development Fund licence.
Rob also chairs Tibra Capital, a privately owned global multi strategy hedge fund business and Expert360, Australia’s leading online talent market place.
In addition to the above Chairmanships, Rob is a main board Director of CIMB Group, one of the largest universal banks in the ASEAN region with operations in each of the 10 ASEAN countries. He is also the Board’s sustainability sponsor and Chair.
On top of Rob’s commercial interests, he is a founding Director and Deputy Chair of the Australian Indigenous Education Foundation (AIEF) and Deputy Chairman of Surfing Australia.
Between 2013 and 2019, Rob was firstly CEO (2013-2017) then Chairman of Craveable Brands, the largest Australian owned Quick Service Restaurant business. Rob’s tenure with this business was during its ownership by Archer Capital and culminated in a successful exit to PAG in August 2019.
Before joining Craveable Brands, Rob was responsible for all of Westpac's Retail, Business and Agri banking operations. Prior to this role, Rob spent six years as the CEO of BT Financial Group, responsible for all of Westpac’s funds management, financial planning, insurance, private banking, broking, platform and superannuation businesses in Australia.
In total, he has close to 40 years of corporate experience in both Australia and Asia, primarily in financial services. He has had extensive experience on the boards of both listed and private companies.
In 2011, Rob was awarded the prestigious UTS Alumni of the Year for Excellence in recognition of his achievements in the business community and social sector.
TODD STEVENSON - Chief Customer Officer Colonial First State (CFS)
Todd is the Chief Customer Officer at CFS. In this role he is responsible for the end-to-end experience delivered to the 1 million individual customers of CFS. He has responsibility for the following teams: Marketing & Communications, Brand, Events, Corporate Affairs, Digital, Digital Advice, Design, Customer Experience, Data & Analytics, Complaints, Customer Advocacy & Vulnerable Customers.
Before his appointment as the Chief Customer Officer in June 2020, he was the Chief Member Outcomes Officer. Prior to this Todd held a number of General Manager roles across both CFS and CBA Wealth Management.
Todd joined the financial services industry in 1998. He has deep global experience having worked in executive roles in the UK, China and the USA across distribution, strategy, marketing and administration. He has worked in both the institutional and retail markets. Prior to joining CFS in 2010, Todd led the Global Innovation Council and was the China entry business lead for Russell Investments.
Todd holds an MBA from the University of Sydney and a Diploma of Financial Services (Superannuation). He also sits on a number of internal and external Boards.
Kelly Power - Chief Executive Officer of CFS Superannuation and Executive Director of the Trustee Board
Kelly Power was appointed CEO Colonial First State Superannuation in July 2021. This role is accountable for oversight of the superannuation business, including as a member of the Trustee Board. In this role Kelly is also responsible for investments, product and strategy.
Kelly joined CFS as General Manager Product in 2018, adding marketing and strategy and responsibility for the Wrap business in October 2020.
Prior to joining Colonial First State, Kelly was the Head of Platforms at BT Financial Group. Kelly held a number of other executive management roles at BT.
Kelly holds a Bachelor in Communications from UTS, a Diploma of Management from the Australian Institute of Management, a Diploma of Financial Services from Integratec and has also completed the Company Directors course at the Australian Institute of Company Directors.
Kelly is a Director of the CFS Superannuation Trustee board and a representative on the Financial Services Council’s Superannuation Board Committee and is a Director of the Association of Superannuation Funds of Australia.
Bryce Quirk - Chief Distribution Officer Colonial First State (CFS)
Bryce Quirk is the Chief Distribution Officer responsible for managing the distribution of CFS products and services through the external intermediated Channels. Formerly he was General Manager, Advice Relationships for CFS.
Prior to joining CFS, Bryce was Head of Account Management at BT Financial Group. Bryce has also held other executive management roles within BT Financial Group specialising in Product Distribution, Account Management and Project Execution. Bryce holds a Bachelor of Commerce at Deakin University.
Chief Financial Officer - Andrew Morgan
Andrew is the Chief Financial Officer for Colonial First State, responsible for all Finance, taxation, procurement, property, unit pricing and fund operations and accounting activities. Prior to his appointment Andrew was Managing Director (Acting) for MLC Limited.
Andrew has over 30 years' experience across the financial services and property industries, in companies including Lend Lease, Commonwealth Bank and National Australia Bank.
Chief Operating Officer - Darren McKenzie
Darren McKenzie is the Chief Operating Officer for Colonial First State, and is responsible for driving the Digital transformation of CFS. He has accountability for technology, operations and program management with a mandate to drive the digitisation of our future business end-to- end.
Prior to joining CFS, Darren was the Chief Technology and Operations Officer at MLC. He led the technology and operations functions that were tasked with separating MLC from NAB.
Darren spent time as the Chief Operating Officer UK & International at RSA Insurance. Darren also spent six years as Chief Information Officer at Banco Santander and three years as Chief Information Officer for Alliance & Leicester.
CFS Group Chief Risk Officer - Anthony Lane
Anthony is the Chief Risk Officer for Colonial First State and is responsible for enterprise-wide risk management and the Office of the Trustee, amongst other functions.
Anthony has over 25 years’ experience in wealth management and corporate development. He has held executive positions at National Australia Bank and Westpac. Anthony has also held domestic, regional and global general management positions in Mercer’s investments and superannuation business. At Mercer he led teams in UK/Europe, North America, and Asia Pacific. Anthony also has experience as a corporate lawyer specialising in M&A and financial services law.
Anthony has degrees in Law and Commerce and a Masters of Law degree, all awarded by the University of New South Wales, and Graduate Diplomas in Legal Practice and Applied Finance & Investment. He is a Graduate of the Australian Institute of Company Directors and has served as a director of various entities since 1999.
Chief People Officer - Shenaz Waples
Shenaz joined Colonial First State (CFS) as the Chief People Officer in July 2021. She is accountable for all aspects of human resource management, including culture and leadership, learning and development, talent management and performance and reward.
Shenaz has over 25 years of experience in Banking and Financial Services in a variety of leadership roles, both in leading large business teams and for the past 15 years leading Human Resources teams.
Prior to joining CFS, Shenaz was the Chief Human Resources Officer at MLC Australia. Shenaz also held a number of senior executive roles at the Westpac Group, including leading the Human resources strategy and HR transformation programs across the Westpac Group.
Shenaz’s formal qualifications include eMBA (UNSW) with Distinction, completing the Australian Institute of Company Directors Course (AICD), Global General Managers Program at Insead (Fontainbleau) and the Strategic IQ program at Harvard.
Shenaz served as a Director of the MLC Wealth Board and has also held Board positions on several not for profit Boards, most recently as a Director of the Women’s Community Shelter Board.
Acting General Manager (GM) Trustee Governance
Hugh has been the Acting GM Trustee Governance since January 2021 and is responsible for supporting the Board in managing its trustee and fiduciary duties, and its governance and regulatory obligations. Hugh has been with the Commonwealth Bank of Australia (CBA) since 2019 and was also formerly the Head of the Wealth Management Office of the Trustee.
Prior to joining CBA, Hugh was the Head of Legal, Risk & Compliance at Qantas Superannuation Limited. Hugh has extensive legal, governance, risk and compliance experience across the superannuation industry having held other executive management roles at BT Financial Group and Mercer.
Hugh holds a Bachelor of Civil Law degree from the University College Dublin.