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.
Recommended for you
The corporate regulator has cancelled the AFSL of a Perth advice firm, with the firm having previously seen its licence temporarily suspended in 2020.
Having proposed changes earlier this year, ASIC has clarified how it will support licensees with additional relief under the reportable situations regime.
AMP has partnered with BlackRock and research house Lonsec to provide a model portfolio capability on its North platform that offers “portfolio customisation at scale” to advice practices of all sizes.
Money Management rounds up actions ASIC took against advice individuals in the first half for FY25 from exam falsifications to dishonest conduct.