Former UBS Business Goes Live

Mike Chisholm, CEO Crestone

Mike Chisholm, CEO Crestone

After a longer than expected gestation period, the acquisition of UBS Wealth Management Australia has been completed and the new business has commenced operations.   

The new entity born out of the buyout of the former UBS Australian wealth management business with over AUD$14 billion of assets under management is known as Crestone Holdings (Crestone). The company is an employee-owned firm and commences business with offices in Brisbane, Melbourne and Sydney and over 70 investment advisers, who have worked together for an average of 10 years, the firm said in a press release.

Mike Chisholm, the Chief Executive of Crestone, said that the new business has taken the time to develop a platform bespoke for wealth management, that together with its operating model and global network of strategic partners, delivers one of the most comprehensive offerings for high net worth clients in the Australian market.

Strategic Parterships

«Crestone’s investment approach draws on its heritage from the world’s largest wealth management firm and the relationships our team have built up over many years of operating in Australia. We subscribe to a belief that our success is best delivered through continuity of service, quality of investment advice and preserving the long-term interest of our clients,» said Chisholm.

Crestone has secured a global network of strategic partners which includes UBS, Commonwealth Bank of Australia, Credit Suisse and Northern Trust, as well as market leading technology platform provider Avaloq.

Support From UBS

UBS will continue to provide Crestone with domestic and international securities execution, clearing and settlement, global investment research, access to capital markets offers and certain investment mandates and managed funds.



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