NAB overhaul sparks MLC reshuffle

MLC Advice Solutions has tweaked its ranks to address some of the changes brought about by parent National Australia Bank’s management structural overhaul last week, a move that’s sees two new additions to the advice team’s senior ranks.

Head of financial planning and third party distribution Matt Lawler said the restructure was also a prelude to a broader “refreshing” of the group’s advice operations in 2005.

“In addition to realigning our business to the new regional business model, we have also recognised a need to refocus our services to reflect the changing advice environment in Australia,” Lawler said.

As part of the revamp, Ipac former head of adviser solutions Christopher Wrightson has been named in a new role as general manager for MLC Alliances.

Wrightson commences at MLC on November 1 and brings more than 16 years financial services experience and includes a six year stint as a senior client adviser.

Lawler has also moved to transfer across former general manager adviser business services Greg Miller into the new position of general manager, self employed Australian financial services licensees.

Filling Miller’s old role will be Wayne Marsh who relinquishes his role as strategy and operations manager to step up to the management of national sales, as well as the group’s research arm ThreeSixty.

The latest development follows last week’s announcement chief executive Peter Scott would depart early next year and be replaced, in part, by MLC chief executive retail investments Steve Tucker as head of MLC Australia.

MLC Advice Solutions has responsibility for NAB’s advice businesses and include National Australia Financial Planning, Godfrey Pembroke, Apogee Financial Planning, Garvan Financial Planning, MLC Financial Planning and MLC Alliances.