Centric shuffle
Independent wealth advisory group Centric Wealth has announced a new board of directors and joint chief executive officers ahead of its planned IPO in the first half of next year.
The new board, announced late on Monday, will comprise of Roger Davis as chairman and Martin Bloom, David MacKenzie, Alan Schwartz and Russell Pillemer as non-executive directors and Glen Castensen and Michael Pillemer as joint chief executive officers.
The group said that executives Mike Dunne and John Hart had been appointed as alternate directors and would contribute to the specialist expertise of the board.
Roger David is a consulting director at Rothchild Australia and has previously held roles as managing director at Citigroup and group managing director at ANZ Banking Group.
He is currently a director of Macquarie Office Management, Aristocrat Leisure, Territory Insurance Office and Trust Limited.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.