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
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.
