BTFG reshapes wealth delivery

4 October 2017

BT Financial Group (BTFG) has announced key changes to its advice structure, moving its client-facing advice businesses into a new Advice and Private Wealth division.

The move was announced by BTFG chief executive, Brad Cooper who said it was part of a continuing evolution of the business.

The essence of the BTFG announcement is a new structure which will result in:

  • Current client facing Advice businesses, whose success depends on developing deep and enduring relationships, moving into a newly created Advice & Private Wealth division. This will leverage the expertise of BT Private Wealth which is recognised as having Australia’s leading Private Wealth Bank based on the strength of its client relationships. The new division will be led by current general manager, Private Wealth, Ms Jane Watts.
  • Remaining teams, including those that provide digital and phone based general advice, will be moved into BTFG’s customer service areas within the Chief Operating Office (COO), leveraging the COO’s innovation in digital and phone based services. The COO will continue to be led by Andrew Walker.

The changes follow August’s announcement of Mark Spiers’ decision to resign as general manager, Advice with the company today confirming Spiers would stay on in a new advisory role supporting BTFG’s wider strategy as Director, Wealth Development. 

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