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Wilsons’ board appoints new Chairman, Mr John Prendiville
Wed 13th July, 2022

Wilsons is pleased to announce the appointment of Mr John Prendiville as Chairman of the Board of Directors.

Wilsons CEO Brad Gale said “We are very pleased to welcome John to the firm. He has outstanding experience in capital markets as a leader and senior executive at Macquarie Bank, a director on numerous boards, as well being an active investor as Chairman of Point Capital. John also brings experience in private wealth and is particularly excited about the opportunity to further enhance our capabilities and grow this business”. The appointment reinforces Wilsons long term strategy to deliver expert capabilities to their clients and to pursue further growth in each of their market segments.

John Prendiville succeeds Neil Craig, founder of Craigs Investment Partners which is New Zealand’s pre-eminent investment bank and private wealth manager. Craigs is chaired by Sir Ralph Norris who is an active investor in the firm and has partnered with Wilsons to deliver outstanding client solutions across both Australia and New Zealand. Wilsons has greatly valued Neil’s contributions to date and are excited about the opportunities that sustained collaboration between the Craigs and Wilsons teams will bring into the future.

Of recent note is the work being done to support private clients, including dynamic asset allocation solutions and investment strategy ideas in international or alternative asset markets. Collaboration between the investment banking teams has also proven valuable, delivering cross border advisory solutions for companies and access for institutional investors and high net worth investors to sought after IPOs, secondary market transactions and private capital opportunities.

Wilsons continues to preserve its partnership philosophy and promotes excellence through the opportunity for people to attain ownership of the business. Brad said “Our staff are our most important asset, so it makes perfect sense for them to be the custodians of the equity in the firm. It is a perfect alignment that encourages all of our decisions to be made in the long term interests of our clients and our people. Our Equity Partners shape the future direction and influence the operational decisions of our business, which ensures we are focused on what is most important”.

It is anticipated that the appointment of new Equity Partners will be announced later in July at the Wilsons Annual Meeting to review business performance and priorities. Despite a tumultuous time in capital markets, Wilsons will report another successful year with expanded client services, growing revenue and higher assets under advice. The new partner announcements are likely to include a combination of high performers across the firm, the next generation of leaders, and of course the new Chairman John Prendiville.

About Wilsons: Wilsons is a financial advisory firm focused on delivering strategic and investment advice for people with ambition – whether they be a private investor, corporate, fund manager or global institution. Its client-first, whole of firm approach allows Wilsons to partner with clients for the long-term and provide the wide range of financial and advisory services they may require throughout their financial future. Wilsons is staff-owned and has offices across Australia.

Disclaimer: This communication has been prepared by Wilsons Advisory and Stockbroking Limited (ACN 010 529 665; AFSL 238375) and/or Wilsons Corporate Finance Limited (ACN 057 547 323; AFSL 238383) (collectively “Wilsons”). It is being supplied to you solely for your information and no action should be taken on the basis of or in reliance on this communication. To the extent that any information prepared by Wilsons contains a financial product advice, it is general advice only and has been prepared by Wilsons without reference to your objectives, financial situation or needs. You should consider the appropriateness of the advice in light of your own objectives, financial situation and needs before following or relying on the advice. You should also obtain a copy of, and consider, any relevant disclosure document before making any decision to acquire or dispose of a financial product. Wilsons’ Financial Services Guide is available at wilsonsadvisory.com.au/disclosures.

All investments carry risk. Different investment strategies can carry different levels of risk, depending on the assets that make up that strategy. The value of investments and the level of returns will vary. Future returns may differ from past returns and past performance is not a reliable guide to future performance. On that basis, any advice should not be relied on to make any investment decisions without first consulting with your financial adviser. If you do not currently have an adviser, please contact us and we would be happy to connect you with a Wilsons representative.

To the extent that any specific documents or products are referred to, please also ensure that you obtain the relevant disclosure documents such as Product Disclosure Statement(s), Prospectus(es) and Investment Program(s) before considering any related investments.

Wilsons and their associates may have received and may continue to receive fees from any company or companies referred to in this communication (the “Companies”) in relation to corporate advisory, underwriting or other professional investment services. Please see relevant Wilsons’ disclosures at www.wilsonsadvisory.com.au/disclosures.

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