Evans and Partners Media Release:

Evans and Partners announced today that Phil De Young will become the firm’s first Chief Executive Officer, effective 28th March 2011. Mr De Young assumes the CEO role as David Evans, Founder and Managing Partner moves to an Executive Chair capacity. David Evans has served as Managing Partner since establishing the firm in November 2007, and will remain Chairman of the Board of Directors. As CEO, Mr De Young will chair the firm’s Management Committee.

"Phil brings the right skill set as Evans and Partners consolidates on the significant growth and profitability of the last three years” said David Evans. "Phil's proven leadership skills and ability to attract and retain top talent throughout his career across education and finance makes him one of the most respected people managers in Australia. We will be looking to Phil’s significant experience in developing and fostering high-performance cultures as we continue our planned path of expansion.” David Evans continued, “Phil is as a man of great vision and substantial reputation and we look forward to him bringing his standing and integrity to manage our people and processes through the next stage of our business success”.


Phil De Young said, “David Evans has brought together a group of exceptionally talented and respected people in the finance industry, creating a defining culture which advises many of Australia’s most successful private, institutional and corporate clients. It is a privilege to join this vibrant and ambitious organisation. I look forward to working closely with David and the Senior Management team to continue the success of the Evans and Partners story for clients, staff and shareholders alike.”

Mr De Young’s appointment will see David Evans focus on client service and business development across each division of the firm. “Retaining responsibility for the firm’s strategic direction only intensifies his commitment to the business, allowing him to step back from the day to day issues and focus on harnessing strategic and commercial growth opportunities building out further relationships with key institutional, private and corporate clients.” Said Advisory Board Chair, Bill Kelty.

“Given the firm’s tremendous success, both the Advisory and Statutory Board believe the timing is right for this transition. Most importantly the firm will continue to benefit from David’s vision and experience in his full time role as Executive Chairman." Added Advisory Board Member, David Crawford.

About Evans and Partners Evans and Partners is an independent Australian owned investment house providing comprehensive wealth management solutions for private clients, institutions and corporations. Evans and Partners was founded in November 2007 and has experienced significant growth across the business since its establishment, with the organization now employing approximately 90 people across Melbourne and Sydney. In October 2010 Evans and Partners entered into a strategic alliance with Merrill Lynch Australia which included the acquisition of the ML Australian private client business based in Sydney. In January 2011, Evans and Partners in conjunction with Pershing LLC, subsidiary of Bank of New York Mellon, launched their global investment execution, reporting and research capability. For further information on Evans and Partners please visit www.evansandpartners.com.au

Background on Phil De Young Phil’s qualifications include a B.Eco. (Monash), a B.Ed. (Monash) and a Graduate Diploma in Financial Planning (Securities Institute of Australia). He recently completed an eight year term as Principal of Carey Baptist Grammar School, which culminated 31 years of teaching and leadership in Victorian independent schools. He interspersed his career in education with a four year appointment as a Director of a financial services company, Wilson Dilworth Limited. Phil is currently a consultant in the education sector. Outside work, he is Vice President of Monash Blues Football Club, a regular competitor in half-marathons and triathlons and a rueful golfer. Phil has been married to Rosemary for 40 years. They have three married sons and three much loved grandchildren.