Following the unveiling of Sentry Financial Group’s new corporate structure and planned expansion around Australia, the company has appointed David Mazengarb as its new executive manager of finance and business development.

Mazengarb has a “proven record for initiating and implementing successful business strategies”.

He will focus on merger and acquisition opportunities, adviser succession planning, and the management of Sentry’s financial planning subsidiaries and joint ventures.

Sentry’s planned expansion into all Australian states includes doubling the number of its advisers and income by 2011. The expansion is headed by its three subsidiaries, Sentry Financial Services Group, Sentry Financial Planning Group and Sentry Finance Brokers.

The chief executive officer and chairman of Sentry Financial Group, Murray Hills, said that Mazengarb’s appointment would be of immense benefit to the adviser and management teams.