Greiner reunites with ex-Sagitta chief
The recently departed head of Westpac Bank’s in-house financial planners, Justin Greiner, has ended up working for a former boss, taking on the lead distribution role at ex-Rothschild Asset Management chief Peter Martin’s new venture, Greenway Capital.
Greiner and Martin used to work together at Sagitta Rothschild until Martin, who was then chief executive, left the group when Westpac acquired it in 2002.
Greiner resigned from his position as head of Westpac’s in-house advisory business close to a month ago, just weeks after the bank’s decision in June to hand control of its planners over to funds management subsidiary BT.
Greenway Capital was established early this year and will specialise in residential real estate equity, with the company already flagging its own equity release, or reverse mortgage, product.
Recommended for you
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 wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.