Dealer group employs succession plan
Queensland-based dealer group SJP Insurance Services has appointed a new managing director following the resignation of Kay Russell.
Russell steps down from the role after 17 years as managing director of the independently owned dealer group.
Former general manager of SJP Insurance Services, Martin Lowe, will now step into the role of managing director, after six years as general manager for the group.
Lowe has already appointed two additional directors: Alan Davies in New South Wales and Mark Rothnie in Queensland.
Russell will remain a shareholder in SJP Insurance Services.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
