Evidentia Chair Michael Wright Steps Down
Wright exits the chair as Evidentia Group restructures under chief executive Louise Watson and cuts several senior roles.
Updated on Nov. 3, 2026 in People
Michael Wright is stepping down as chair of Evidentia, amid a senior restructure at Evidentia Group that reduced headcount and eliminated several senior roles. Louise Watson took over as chief executive in September, and Wright's move into the chair role formed part of the company's succession plan.
Why it matters
The changes follow Generation Development Group's acquisition of Lonsec and its purchase of Evidentia, which the two were combined under the Evidentia Group banner. Evidentia says the new structure is designed to support stronger collaboration, better client outcomes and sustainable growth across its Australian operations.
Evidentia Group reported $41.7 billion in funds under management for the September quarter, up 28% on the prior corresponding period, with $1.54 billion in net inflows and $74 million in net new mandates. The company has not confirmed how many staff or roles were affected by the restructure.
The players
Michael Wright
Former chief executive of Lonsec for four years, who is now stepping down as Evidentia chair.
Louise Watson
Evidentia's chief executive since September, who oversaw the senior restructure.
Evidentia Group
An Australian investment group formed by combining Evidentia with Lonsec under Generation Development Group's ownership.
Generation Development Group
The owner that acquired Lonsec and bought Evidentia, combining the two businesses under the Evidentia Group banner.
The details
Evidentia Group implemented a major organisational restructure that reduced headcount and eliminated several senior roles. Will Gramolt moved from his dual chief operating officer and chief financial officer role to another post at Generation Development Group, with Alex Kroujkov now serving as chief financial officer, while Jason Komadina and Marc Hraiki were made redundant.
Timeline
July 2025: Michael Wright's four-year tenure as Lonsec chief executive ended.
August 2025: Jason Komadina took up the chief risk and operations officer role.
September 2025: Louise Watson took over as Evidentia chief executive.
September quarter 2025: Evidentia Group reported its funds under management figures.
Market Landscape
The restructure extends the consolidation that followed Generation Development Group's acquisition of Lonsec and its purchase of Evidentia, combining two Australian investment businesses under one banner. The changes show how acquirers in the Australian funds management sector are reshaping leadership and cost structures after combining firms.
Clients and advisers using Evidentia or Lonsec products may see changes in the people they deal with, as several senior roles have been eliminated. The company says the new structure is intended to deliver better client outcomes.
The takeaway
Leadership changes at a merged firm often signal how its owners intend to run the combined business, so watch for further announcements on the Evidentia Group structure. Clients who work closely with the firm may wish to confirm who now holds their key relationships.
Further reading
For more on executive moves across the sector, browse the People section.
Source note: This article includes information reported by Financial Standard.
