Fortnum recruits specialist
Dealer group, Fortnum Financial Group, has recruited a former NAB/MLC staffer to lead its investment administration arm — e-Clipse Online.
The company announced this week it had recruited Sal Torrisi to the role which will report to Fortnum executive chairman, Ray Miles.
The announcement said Torrisi would be responsible for driving the operational efficiency of Fortnum's unified managed accounts platform, overseeing the ongoing development of e-Clipse Online and the platform's integration into Fortnum's principal practices.
Torrisi, who was most recently a consultant to FNZ and Fortnum Financial Group, also previously held senior management roles at Colonial First State and AXA before joining MLC & NAB Wealth in 2010 to 2014.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
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.

