Chanticleer
Why KKR’s Colonial First State calls default pension plan ‘dangerous’
In his first interview, Colonial First State CEO Clive van Horen says the wealth and super giant is back in growth mode. But he’s not shying away from a big super debate.
Two-and-a-half years after superannuation and wealth giant Colonial First State was bought out of Commonwealth Bank by private equity giant KKR, chief executive Clive van Horen says the business is shifting from investment mode to growth mode.
More than $400 million has been poured into technology upgrades. Its CFS Edge platforms business hit $1 billion under administration in less than 200 business days, which van Horen says is even faster than the sector’s online disruptors.
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