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Former prime minister Malcolm Turnbull has now been appointed to the board of directors at a mid-tier firm.
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Former PM joins mid-tier board
04 March 2020
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Findex has announced the appointment of three new board members, including Mr Turnbull, Diane Raposio and Garry Hounsell.
The three new board members join as representatives of private equity firm KKR, which has held a 40 per cent shareholding in Findex since 2014.
Mr Turnbull, Australia’s 29th prime minister, who served from September 2015 to August 2018, joined KKR as a global senior adviser in June last year.
KKR made headlines in the accounting industry recently, following its acquisition of MYOB in 2019 after over a year of negotiations.
At Findex, Mr Turnbull will be joined by Myer chair Mr Hounsell and former Deutsche Bank managing director Ms Raposio.
Findex, which recently announced a rebrand of its Crowe Horwath operations in Australia and New Zealand, said the appointments come at a time when the firm is looking for “additional expertise and experience” to grow.
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However, the mid-tier firm was quick to shoot down speculation that it was preparing for a float.
“There are no plans to IPO Findex,” said Findex chief financial officer Matt Games.
“Our primary focus remains on the rollout of strategic initiatives across the Findex group and the continued growth of our organisation.”
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