Elders restructures management
Elders has restructured its separate corporate and operational management into a single integrated management team.
Some senior management roles will be made redundant while others have gained broader responsibilities.
The new structure will incorporate changes from the forthcoming sale of Elders’ insurance operations to QBE.
The restructure has created the role of chief operating officer, which will be filled by Mike Guerin, currently the managing director of Elders Rural Services, and chief information officer, which will be filled by Shaun Hughes. Hughes is the chief financial officer for Elders Rural Services.
Accounting and finance will be streamlined, with a new head of balance sheet management and head of performance and planning.
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.