BT Investment Management CFO resigns
BT Investment Management (BTIM) chief financial officer Earle Macgregor has resigned with effect from April 30, to “pursue other opportunities”, according to a company media release.
Current financial controller Cameron Williamson will replace Macgregor as acting CFO, it said.
BTIM chief executive Dick Morris said Macgregor had “played an integral role in the separation of BT’s investment management business from Westpac and the transition to the stand-alone listed entity”.
He also said Macgregor was instrumental in the creation of BTIM’s multi-boutique model and the finance, risk and reporting capabilities of the company.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.