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
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
