Colonial marketing boss goes in restructure
Colonial First State (CFS) has restructured its marketing department to bring marketing functions closer to the areas they support, resulting in the retrenchment of the division’s boss of two years, Rebecca Murray.
The top marketing executive will now be Danielle Murrie, who had overseen the group’s marketing to Commonwealth Bank-aligned channels, as well as to external advisers.
Murrie will now report directly to CFS chief executive John Pearce, rather than Rebecca Murray as she had in the past. Some of the departed Murray’s responsibilities have also been taken up by Richard Nunn, the general manager of distribution.
A CFS spokesperson said the restructure aimed for clearer accountability and more relevant reporting lines in marketing.
For example, head of brand and advertising, Peter Duvall, will no longer report to the general manager of marketing, but to general manager of strategy Nicolette Rubinsztein.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.

