New role for accounting industry stalwart
A well-known industry figure, who previously served as president of the Institute of Chartered Accountants, managing director of a mid-tier firm and tech CEO, has landed a new role.
David Smith has joined AdviserLogic as a strategic consultant and will later join the company’s board as a non-executive chairman.
Mr Smith is a well-respected industry figure in accounting, software development and financial services circles. He created a successful software business, including a leading SMSF administration platform that was sold to Solution 6 (now part of MYOB) in 1999. He also spent several years on the board of CountPlus and was briefly CEO of Class Limited prior to its recent IPO.
He assists a range of companies as a consultant, non-executive director or non-executive chairman. Mr Smith was formerly managing partner of PKF (now BDO) Sydney, and is a past president of the Institute of Chartered Accountants in Australia (now Chartered Accountants Australia and New Zealand). He was also an investor in and non-executive chairman of a life risk licensee that has since been absorbed into Macquarie Group.
"We’re honoured that a person of David’s calibre has agreed to take on this very important role as we systematically move to the next level of corporate development, building on our more than eight years of success to date," said Daniel Gara, head of product development, AdviserLogic.
"His expertise as a ‘steady and experienced hand’ will be critical to the AdviserLogic Group as we take advantage of the restructuring, disruption and aggregation that Financial Services and Accounting are experiencing at present and over the horizon," Mr Gara said.
Mr Smith will focus on strategy and governance for AdviserLogic as well as assisting with reviewing M&A prospects in the marketplace.
"A casualty of the post-FOFA market will be small or even mid-size players that just offer similar services that are available down the road or over the internet. We see opportunities emerging from consolidation and, conversely, further disruption amongst product and service suppliers," said Mr Smith.
AdviserLogic is an Australian financial services technology company that customises business solutions for financial planners and risk advisers.