By Ross Kelly
AxaAustralia has appointed the former boss of one of its advice businesses, Ipac Securities chief executive Peeyush Gupta, to the new role of general manager advice.
The appointment means Gupta will head all three of AXA’s advice businesses — Ipac, Monitor Money and Tynan McKenzie of which AXA has a one third interest to be lifted to a 100 per cent interest next year.
Gupta confirmed that his new role would only put him in charge of AXA’s non-aligned advice businesses, with Andrew Waddell continuing to head up AXA dealerships, Charter Financial Planning, AXA Financial Planning and Jigsaw.
Although he is now in charge of all three advice businesses, Gupta said he was not planning to bring them all under the one advice model.
“Ipac and Tynan McKenzie effectively have the same advice model already embedded. Monitor Money has a slightly different model. But no, I don’t have any inclination one way or the other. I do believe that different business models can flourish,” he said.
“There’s some common principles which surround customer focus, high quality advice and service. Those already exist in each of these advice businesses and I’ll continue to advocate passionately that there is never a loss in these core principles.”
