SYDNEY: Directors of Easton Investments Limited announced that Nathan Jacobsen has been appointed managing director of Easton with effect from 1 February 2021.
Jacobsen has agreed to join the Company as part of a broader transaction with HUB24 Limited, which involves:
(a)Easton and HUB24 entering into a strategic partnership which includes a technology partnership and distribution arrangement, the purpose of which is to work co-operatively to identify, build, commercialise and distribute scale technology solutions to position Easton as a leading provider of adviser and licensee support services;
(b) HUB24 acquiring a significant minority shareholding in Easton, including by way of a proportional off-market take-over offer; and
(c)the acquisition by Easton of Paragem Pty Limited (Paragem) from HUB24.
Jacobsen is currently a senior executive with HUB24 and holds the dual roles of managing director of Paragem and Group Executive of HUB24’s Advice and Technology Solutions.
In accepting the role, Mr Jacobsen stated, “I am excited by the opportunity to work with the Easton advisers, accountants and staff in the next phase of the Company’s journey.
I am also proud of the great team and network of advisers we have at Paragem and believe that in coming together we can leverage the strengths of both groups, with the backing of a capable technology partner in HUB24.”