Aon merges financial services division
Aon Financial Services Group has been merged with three other divisions within Aon to create a new single unit called Financial Specialities.
The Financial Services Group provides risk management and insurance broking services to financial planners, accountants, mortgage brokers and financial services institutions. It has been combined with Aon’s Merger and Acquisition (M&A) Solutions, Environmental Services Group and Trade Credit and Surety divisions to create the new business unit.
The current client director of M&A Solutions, Jennifer Richards, will become managing director of Financial Specialities reporting to Aon Risk Solutions chief executive Lambros Lambrou.
The current heads of Trade Credit and Surety, and the Financial Services Group, Liz Botha and Stephen Trickey respectively, will continue in their roles reporting through to Richards.
The new business unit will have more than 30 members, with Lambrou stating the decision to bring the teams together would allow for further growth and improve the scale of the services across the markets served by the unit.
AUTHOR
Jason Spits
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
