Euroz Hartleys Group Limited has appointed Alan Logan as chief executive officer, the Perth-based wealth manager told the Australian Securities Exchange on 16 October 2026. He takes up the role on the twenty-sixth of this month on an ongoing employment agreement and joins the board on appointment.
The timing was deliberate. The appointment was announced on the same day that shareholders approved the sale of the group's capital markets business to BMO Financial Group, and the two are halves of one decision. Euroz Hartleys is reshaping itself around private wealth, and Logan is the first executive hired specifically to run the firm in that narrower form.
Andrew McKenzie, the outgoing executive chairman, said the appointment reflects what he described as a new pure play focus on the growth and optimisation of the group's well established private wealth business. He also placed it in context, noting that Logan is only the fourth managing director or chief executive in the firm's twenty-six year history.
Logan joins from Shadforth Financial Group, where he was head of Western Australia. He has spent more than thirty years building and leading national financial services businesses across advice, asset management, trustee services, superannuation and banking, including earlier roles at Godfrey Pembroke and MLC. He holds an MBA from the University of Western Australia and is a graduate of the Australian Institute of Company Directors. He is a non-executive director of the Prior Family Foundation and previously served on the board of the Royal Botanic Gardens Foundation in Melbourne.
The same announcement set out a wider board refresh, all of it taking effect on completion of the BMO transaction. Jay Hughes, who co-founded Euroz Securities Limited and served as an executive director for twenty-three years, returns as non-executive chairman. Andrew Fry and Michael Bartley, both private wealth advisers at the firm, join as executive directors. Richard Simpson continues as a non-executive director. Robin Romero and Fiona Kalaf are retiring on completion after roughly six and four years of service respectively.
McKenzie and Tim Bunney, the group's managing director and head of institutional sales, are both moving to full-time roles with BMO. Each will remain a non-executive director of Euroz Hartleys for what the company describes as the short to medium term, which gives the incoming chief executive a period of overlap with the two executives who ran the business he is taking on.
The transaction behind the restructure was announced in late June, when Euroz Hartleys agreed to sell its capital markets business to BMO Australia Pty Limited, a subsidiary of the Bank of Montreal, for 145 million Australian dollars in cash. The company has said it intends to return all post-tax proceeds to shareholders, the bulk as a fully franked dividend and the balance as a capital return. The sale carries a strategic alliance agreement with BMO for an initial four-year term, alongside trading, clearing and settlement arrangements.
Shareholders approved the sale at a general meeting held on the day of the announcement. Completion remains subject to the outstanding conditions, including regulatory approvals, and the company expects it in the final quarter of this year.
That sequencing defines the job. Logan starts before completion, at a firm that still contains the business it has agreed to sell, and the board he joins will change around him once the deal closes. What he inherits on the other side is a pure private wealth manager with a cash return to shareholders behind it and an alliance with a global bank in place of the capital markets arm it used to own.
