KPMG has announced the appointment of Linda Elkins as its national sector leader for its asset and wealth management practice, with the former Colonial First State executive general manager set to assume partnership from 5 August.
Her appointment comes as current head of asset and wealth management Paul Howes moves into a new role as national managing partner of KPMG Enterprise from 1 July.
Mr Howes will continue to lead the asset and wealth management practice and will transition responsibilities to Linda, who will then take over as sector leader on 1 October.
One of Australia’s most experienced superannuation executives, Ms Elkins has been with CBA for over nine years and executive general manager at Colonial First State for the last 7 years.
She has been responsible for providing member outcomes for more than 1 million superannuation members and investors. Colonial First State has approximately $140 billion of funds under administration and employs 1,100 people.
Prior to Colonial First State, Ms Elkins worked for Russell Investments, where she was responsible for providing a wide range of services including investments, consulting, administration, trustee services, member services and communications to some of Australia’s largest corporate and industry superannuation funds.
“We are thrilled to appoint someone of Linda’s calibre and experience and look forward to her making a significant contribution to our clients,” Mr Howes said.
“The superannuation sector is going through a period of great change and Linda is ideally placed to steer our practice through this, and further strengthen our client offerings.”
Ms Elkins is a director of The Association of Superannuation Funds of Australia Limited (ASFA) and has been a member and chair of different committees for both ASFA and the Financial Services Council. She is also a member of Chief Executive Women.
“Right now is the most important time for the superannuation and broader financial services industry to embrace transformation and focus on delivering outcomes to members and investors,” Ms Elkins said.
“I am excited to have the opportunity to work for clients with the strength and backing of KPMG to help them navigate these challenges and opportunities.”