Washington H. Soul Pattinson and Company has appointed a new chief financial officer after the incumbent resigned from the position.
The post will be filled by David Grbin, who most recently was the CFO of Grays eCommerce. Grbin has worked in various financial, strategic and managerial roles during his 30 years in the industry, including as group executive general manager, corporate client services and CFO at The Trust Company and CFO at Adstream Marine.
He is replacing former WHSP Melinda Roderick, who resigned from the CFO as well as the finance director roles.
Roderick joined WHSP in 2006 and was invited to the board in 2014.
WHSP board chairman Robert Millner said: "Melinda has made a valuable contribution over the 12 years she has been with the company. The board thanks Melinda for her loyal service, commitment and the initiatives she has undertaken which will benefit the company going forward. We wish Melinda the very best in her future endeavors."
Grbin will start serving as the WSHP CFO today.
WHSP recently revealed that Pengana Capital Group, which was created following the Hunter Hall merger last year, drove Washington H. Soul Pattinson's 1H18 portfolio of financials up 43.3%.
Pengana delivered a $1.9 million contribution to WHSP's net profit during the period. WHSP is Pengana's biggest shareholder at 39.2%.
WHSP's other financial services portfolio companies are BKI Investment Company, Milton Corporation, URB Investments, Contact Asset Management, Ironbark Asset Management and Pitt Capital Partners.
Millner said WHSP's investment in Pengana "is performing strongly, and the first half of results since the merger with Hunter Hall demonstrate solid growth in funds under management as well as excellent investment performance."
PCG was formed after the vast majority of Hunter Hall shareholders approved the merger in June last year. Then-Pengana chief executive Russel Pillemer became chief executive of PCG and Washington H Soul Pattinson director Warwick Negus became chair.