Australian Ethical appoints Steve Newnham to run business development
Australian Ethical Investment has appointed current director Steve Newnham as its executive director of business development.
Newnham has previously held distribution roles at Zurich Financial Services, Lonsec and BT Financial Group, and has more than 20 years expertise in marketing and distribution in the financial industry, according to Australian Ethical.
"Steve has been a director of Australian Ethical for the past 12 months and has made an enormous contribution to the business," said Australian Ethical's managing director Phil Vernon.
"He has an extraordinary track record in our industry and his greater involvement with us will be invaluable as we look to continue growing our advisor and wholesale client base," he said.
Newnham also has significant experience with community and social justice activities, having worked on homeless shelter support schemes, indigenous fellowship programs, environmental and drought relief projects and mental health awareness initiatives, Australian Ethical stated.
"My values, interests and skills are tailor-made for Australian Ethical and I am looking forward to the opportunity of playing a part in this exciting, yet challenging phase of the company's growth," Newnham said.
Vernon said the appointment reflects the group's commitment to growth, expansion and development. "Despite the significant challenges of an uncertain market and rapidly changing regulatory environment we see more and more investors and advisers demanding ethical and sustainable investment options," he said.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
