Sydney, 7 October 2020 – Stanford Brown Chairman, David Brown, today announced Jonathan Hoyle’s decision to step down as CEO of Stanford Brown and the Board’s decision to appoint Vincent O’Neill, currently Director of Private Wealth, in his place.
Mr Hoyle notified the Board that he will step down from the role and leave Stanford Brown after 12 years at the firm and just under six successful years as Chief Executive. His decision to leave the firm follows his leadership of a strong period of growth during Stanford Brown’s 33 year history, and that the time is now right for that leadership to transition to the next generation.
Mr Brown said: “Jonathan’s leadership contribution to the firm has been significant, initially as an Adviser, then Director of Private Wealth and from 2015, as Chief Executive. In his time as CEO, Stanford Brown’s largest Private Wealth division has flourished as a leading professional provider of full-service financial advice. The results over that period speak for themselves – the business has grown in Client numbers, number of Advisers and Assets Under Management.”
“In addition to the success of Private Wealth, Jonathan has also set the direction for our other divisions, including our awarded Corporate Benefits business, Benefit3, the establishment of our awarded investment manager, Soteria Capital, and most recently a specialist accounting and tax offering.
“Beyond business performance, Jonathan has reinforced our history of innovation and strong culture, with Stanford Brown being awarded for both our technical expertise and as one of the country’s best places to work,” added Mr Brown.
Mr Hoyle said: “It’s been a privilege and career highlight to lead Stanford Brown, an inspiring team of professionals trusted by clients to advise on some of life’s most important decisions. I have deeply valued our client relationships and am extremely proud of our achievements since I became Chief Executive.
“Stanford Brown’s strength lies in its unique culture and values, which have always set us apart. And no one individual better encapsulates these values than Vincent O’Neill. After 12 years working together, I am delighted that he will be my successor. Vincent is intelligent, professional and a natural leader and I feel the time is now right for him to take Stanford Brown to the next level,” added Mr Hoyle.
Mr Brown said of Mr O’Neill’s appointment:
“Our decision to appoint Vincent to succeed Jonathan reflects the Board’s long-held CEO succession plan and our focus on building a strong culture and leadership from within.
“I can think of no better candidate to lead our next chapter of growth. Vincent is a proven and respected leader of our largest division. He embodies all the values of the firm and the attributes of a great Adviser and leader of Advisers.” added Mr Brown.
Mr O’Neill said: “I’m honoured to lead this great company and keep on providing our clients with professional advice so they can live great lives. With the support of the Board and our excellent management team, I’ll continue to execute the firm’s business plan and growth agenda.
“We will consistently be a sought-after partner for clients, providing trusted advice and valued expertise to Executives & Professionals, Business Owners and Retirees. Stanford Brown will continually aspire to be the best place to be a Client, the best place to be an Adviser and the best place to work,” added Mr O’Neill.
Originally from Ireland, Mr O’Neill joined Stanford Brown in 2007 in the Private Client investment team. After several years as a successful Adviser, in 2014 he was elevated to the role of Director of Private Wealth, where he has led the firm’s largest division while continuing as Adviser to his valued clients.
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Stanford Brown has been providing Australian families with the futures they want for over 30 years. We go deeper on the things that matter. Really listen to what you want, have the difficult conversations, tackle your biggest issues, cover your blindspots and act. Always in your interests. We provide a complete range of Private Wealth services to help you create wealth, protect the wealth that you create and to develop a plan to transfer that wealth at the right time.
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