Generation Development Group Names New CFO as Long-Serving Finance Chief Steps Down

Generation Development Group Limited ( (AU:GDG) ) just unveiled an update.

Generation Development Group has announced that Chief Financial Officer Terence Wong will step down at the conclusion of the company’s 2026 financial year, remaining through the first-half FY26 reporting period and until the end of June 2026 to ensure an orderly handover. Wong, who has been instrumental in driving shareholder value, overseeing the acquisitions of Lonsec and Evidentia, and scaling the group’s investment bond and managed account platforms during a period that saw GDG enter the ASX200, will be succeeded by experienced public company executive Andrew Mellor, effective 2 March 2026. Mellor, formerly Group CFO of PointsBet Holdings and a long-time Credit Suisse senior executive, is expected to strengthen GDG’s finance, strategy and capital markets capabilities as the group continues to execute its growth strategy and focus on delivering value for shareholders.

The most recent analyst rating on (AU:GDG) stock is a Buy with a A$6.70 price target. To see the full list of analyst forecasts on Generation Development Group Limited stock, see the AU:GDG Stock Forecast page.

More about Generation Development Group Limited

Generation Development Group Limited is a diversified Australian financial services company specialising in investment and retirement solutions. Through subsidiaries Generation Life, Lonsec Research and Ratings and Evidentia Group, it provides life investment services, research and ratings, investment solutions and managed accounts to financial advisers, licensees and their clients across Australia, with a focus on sustainable growth and long-term value creation.

YTD Price Performance: 65.02%

Average Trading Volume: 1,658,639

Technical Sentiment Signal: Buy

Current Market Cap: A$2.33B

Learn more about GDG stock on TipRanks’ Stock Analysis page.