New directors join Frontier Advisors

Asset consultancy group Frontier Advisors has appointed two new board directors.

Cbus board director John Edwards and HESTA board director Deborah Cole have joined the Frontier board.

Edwards and Cole will replace long-standing directors Cbus chief executive David Atkin and HESTA director Angela Emslie.

Emslie will remain on the Frontier board as an independent director.

Frontier chairman, Gabriel Szondy, said: "We look forward to bringing in two people of the calibre of Deborah Cole and John Edwards."

"Both are experienced superannuation fund trustees, with extensive business acumen and practical knowledge of critical areas such as governance, economics and business administration."

He also thanked Atkin for his service to the Frontier board.

Edwards has had a long career in public policy and recently completed a term as a member of the board of the Reserve Bank of Australia. From 1991 to 1994 he was principal economic adviser to Prime Minister Paul Keating.

He is also a former head of economic planning and development for the Kingdom of Bahrain.

Cole is chief executive of Dental Health Service Victoria and was appointed to the HESTA board in 2015. She recently won the Linda Gratton Award for significantly improving public dental health in Victoria by implementing new models of care.

In addition, Frontier said it is enjoying sustained growth despite pressure on its sector from super fund consolidation and internalisation of investment teams.

Szondy said he believes the new-look board will lead the firm into a further phase of development and growth.

"The board is resolute in its commitment to retain and build on the fundamental strengths, such as an independent advice model, that have made Frontier Australia's number one asset consultant," he said.

"But the time is right to pursue additional strategic directions to take the firm forward for the ultimate benefit of our clients and their beneficiaries."

Frontier has four shareholders - AustralianSuper, Cbus, HESTA and FIRST Super - and more than $320 billion in assets under advice.

Read more: HESTAFrontier AdvisorsCbusDeborah ColeJohn EdwardsAngela EmslieGabriel SzondyAustralianSuperDavid AtkinFIRST Super
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