Keystone Advisory Partners team at work — strategic consulting
1999 Founded
Founding Story

Built on a Principle of Honest Counsel

Keystone Advisory Partners was established in Sydney in 1999 by senior management consultant David Hartley, following an 18-year career spanning roles at two of Australia's largest professional services firms. David's founding conviction was straightforward: Australian businesses deserved a boutique advisory practice that delivered the rigour of a large firm with the personal accountability of a small one.

The practice opened with a focus on strategic planning and operational improvement for mid-market companies across New South Wales. Within three years, Keystone had expanded its team to eight consultants and broadened its capabilities to include mergers and acquisitions, human resources transformation, and investment risk advisory.

Over the following two decades, Keystone grew through referral — never through mass marketing — building a reputation for discretion, intellectual honesty, and an uncompromising commitment to client outcomes. Today, with twelve senior consultants and more than 400 completed engagements, Keystone remains privately held and resolutely independent.

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Our Journey

A Track Record Built Over 25 Years

Each decade brought new capabilities, new sectors, and a deeper understanding of what Australian businesses truly need from a trusted advisor.

1999

Foundation

David Hartley establishes Keystone Advisory Partners in Sydney CBD with an initial team of three, focusing on strategic planning for NSW mid-market businesses.

2002

Expansion of Capabilities

Keystone adds M&A advisory and HR transformation practices, appoints its first principal partners, and completes its first cross-border deal advisory.

2007

100th Client Milestone

The firm reaches its 100th completed engagement. Investment risk assessment practice formally established amid global financial uncertainty.

2012

Market Research Division

A dedicated market research and intelligence division is launched, providing structured industry analysis and competitor benchmarking to Australian corporates.

2017

Conflict Management Practice

Keystone formally establishes its conflict management and dispute resolution practice, led by accredited mediators with governance expertise.

2024

25th Anniversary

Keystone celebrates 25 years, with 400+ completed engagements, 12 senior consultants, and a 96% client retention rate — continuing to grow through referral alone.

What Guides Us

Our Core Values

These four principles underpin every client relationship, every recommendation, and every outcome we pursue.

Integrity

We tell clients what they need to hear, not what they want to hear. Honest counsel — even when uncomfortable — is the foundation of every long-term advisory relationship. We will never recommend an engagement that is not in the client's genuine interest.

Excellence

We hold ourselves to the highest professional standards. Our work is characterised by analytical depth, clear thinking, and actionable recommendations. Mediocrity is simply not something we are prepared to deliver — to any client, at any fee level.

Client-First

Our clients' interests always take precedence over our own commercial interests. We do not carry conflicts of interest, we do not accept referral fees from third parties, and we do not over-scope engagements. Success is measured exclusively by client outcomes.

Discretion

Business advisory work by its nature involves sensitive commercial information. Every member of the Keystone team is bound by strict confidentiality obligations. We have never had a data breach or confidentiality incident in 25 years of practice.

Principal Consultants

Senior Advisors You'll Actually Work With

Every Keystone engagement is led by a principal consultant. You will always have direct access to the senior advisor responsible for your outcomes.

David Hartley — Founder and Managing Principal

David Hartley

Founder & Managing Principal

David founded Keystone in 1999 following an 18-year career in professional services. He specialises in strategic planning and M&A advisory for mid-to-large Australian enterprises. MBA (UNSW), MAICD.

Catherine Ngo — Principal, Human Resources & Organisational Development

Catherine Ngo

Principal, HR & Organisational Development

Catherine leads Keystone's human resources transformation and workforce strategy practice. With 22 years' experience, she has overseen major cultural change programs across healthcare, retail, and financial services. FCPHR, AIMM.

James Kilpatrick — Principal, M&A and Investment Advisory

James Kilpatrick

Principal, M&A & Investment Advisory

James joined Keystone in 2004 and leads our mergers and acquisitions and investment risk assessment practices. He has advised on transactions with a combined enterprise value exceeding $1.4 billion. CPA, CA (ICAA).

Dr. Annette Strom — Principal, Market Intelligence and Conflict Management

Dr. Annette Strom

Principal, Market Intelligence & Dispute Resolution

Annette holds a PhD in Applied Economics (University of Sydney) and leads our market research and conflict management practices. She is an accredited mediator and a non-executive director of two ASX-listed companies. MAICD.

Professional Accreditation

Industry Memberships & Affiliations

Keystone's principals maintain active membership in Australia's leading professional bodies, ensuring our practice remains at the forefront of industry standards.

AICD
Australian Institute of Company Directors

All Keystone principals hold AICD membership or fellowship, reflecting our deep understanding of governance, board responsibilities, and director obligations under Australian law.

CPA
CPA Australia

Our financial advisory and M&A team includes CPA-qualified professionals, ensuring clients receive financial analysis grounded in the highest standards of the accounting profession.

AIMM
Australian Institute of Management

Keystone holds institutional membership with the AIMM, and our HR principals maintain AIMM credentials reflecting leadership in Australian management practice and development.

Work With Us

Meet Our Team in Person

We invite you to visit our Sydney office for a confidential, obligation-free introductory discussion. No sales pitch — just a genuine conversation about your business.

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