Euroz Hartleys sets private wealth team with Alan Logan as CEO

Alan Logan takes the CEO role

Euroz Hartleys Group Limited (ASX:EZL) is putting a new leadership team around its post-transaction business, appointing Alan Logan as CEO from 26 October. Logan brings senior wealth-management experience from Shadforth, Godfrey Pembroke and MLC, with a background spanning financial advice, adviser relationships, business strategy and organisational transformation.

His appointment comes ahead of the anticipated completion of the company’s transaction with BMO Financial Group. Euroz Hartleys has described the shift as a move towards a “pure play” private wealth business, after its A$145 million BMO sale was reported as remaining on track for completion in the December quarter, subject to outstanding approvals and shareholder-related steps.

Jay Hughes returns as chairman

Jay Hughes will become non-executive chairman when the transaction completes. Hughes co-founded Euroz Securities in 2000, served as an executive director through 2023 and currently holds about 7.29% of Euroz Hartleys. He is also chairman of gold producer Emerald Resources, which the announcement described as having a $4.3 billion market capitalisation.

Robin Romero and Fiona Kalaf will retire from the board at completion after roughly six and four years respectively. Andrew McKenzie and Tim Bunney will remain non-executive directors in the short to medium term while transitioning to full-time roles with BMO. Richard Simpson will continue as a non-executive director.

Two private wealth advisers join the board

Andrew Fry and Michael Bartley will join as executive directors at completion, bringing the board closer to the operating business Euroz Hartleys intends to grow. Fry has been with Entrust Wealth Management, now part of the group, since 2003 and previously served as its managing director and executive chairman. Bartley has worked in stockbroking since 2010 and currently advises high-net-worth clients at Euroz Hartleys.

Logan’s employment is ongoing, with a base salary of $400,000 per annum plus superannuation. The notice period is three months during his first six months and six months thereafter. The announcement does not disclose the expected completion date for the BMO transaction or broader remuneration terms for the incoming directors.