MLC has reshuffled the executive structure of its financial advice businesses, according to MLC advice and marketing executive general manager Richard Nunn.
Greg Miller will step down from his role as general manager, MLC Advice Solutions, to move into a full-time role as general manager, MLC Direct.
"You would all be aware of the significant contribution Greg has made to the Garvan, Apogee and MLC Financial Planning businesses, and his intimate knowledge of the financial advice industry means he is extremely well placed to develop a direct offer," Nunn said in a note to planners.
Replacing Miller as general manager of MLC Advice Solutions will be Tom Reddacliff, who is currently general manager of Godfrey Pembroke. Reddacliff has 19 years experience in the financial services industry, including 14 at MLC, according to Nunn.
Reddacliff in turn will be replaced at Godfrey Pemboke by Peter Smith. Smith’s previous roles include general manager, distribution, in MLC’s UK business.
"[Peter Smith] has a significant commercial focus and a deep understanding of advice strategy. These skills will be valuable in driving [Godfrey Pembroke’s] success over the next few years," Nunn said.
Wayne Handley has announced his intention to retire as general manager of Apogee Financial Planning at the beginning of 2012. He leaves MLC after 20 years with the company and will be replaced by Fiona Navarro.
"Fiona has demonstrated her strong leadership capability in leading our successful Risk Specialist Network for the last five years, with outstanding results," Nunn said.
MLC will announce a replacement for Navarro at Risk Specialist Network in coming weeks, Nunn added.
The changes will all become effective in February 2012.
