• Hollie Wight appointed as new CEO of K2 Asset Management
• Wight has been with K2 since 2000, most recently as Managing Director and Head of Responsible Entity & Trustees Services
• Transition to CEO expected to be seamless with support from experienced team and Executive Directors

K2 Asset Management Holdings Ltd (K2) has announced the appointment of Ms. Hollie Wight as the new Chief Executive Officer (CEO) of the company. Ms. Wight is an experienced executive who has been with K2 since 2000, most recently as the Managing Director (MD) and Head of Responsible Entity (RE) & Trustees Services. Ms. Wight has been instrumental in the evolution of the business, particularly in 2020 as the business sought to diversify revenue streams to assist in a return to profitability. During this period, the growth in the RE & Trustee Services pillar of the business proved to be critical in the consolidated K2 group's revenue growth over this period, affirming the appropriateness of Ms. Wight for the role. Ms. Wight's transition to CEO of K2 will occur seamlessly, with the strong support of her experienced team and fellow Executive Directors which include the Founder and Executive Chair, and the Managing Director. The long-term profitability of K2, including the return of dividends to shareholders, is the primary focus for the Board, and the Directors are confident of achieving this in the 2025 financial year. The business continues to build sustainable and diversified revenue lines across the three core pillars of its service offering: Responsible Entity (RE) & Trustee Services, Funds Management & Advisory, and Listed Funds and Exchange Traded Funds (ETFs).

K2 continues to maintain a strong corporate balance sheet with cash on deposit amounting to A$8.3 million as at 31 December 2024 (unaudited) and approximately A$5.7 million in franking credits. The company is now well on track to deliver profit for the current financial year.