Spring FG Limited has appointed a new chairman - former Macquarie Private Bank head, Guy Hedley.
The diversified financial services house said Hedley, a current board member, had a strong track record of success as a corporate executive in financial services both as a founder and head of Macquarie Private Bank and as an executive director at Macquarie Group from 2002 to 2012.
Spring FG managing director, Keith Cullen said he believed Hedley would bring energy, drive and commitment to the board along with more than 25 years' experience in the wealth creation and wealth management sectors in both a private and public company environments.
For his part, Hedley pointed to Spring FG's track record in residential investment property, something he said was overlooked as an asset class.
"On conservative estimates Australian residential investment property represents a $1 trillion investment market that more than 1.75 million Australians are already directly invested in," he said. "Ultimately property represents most Australian private investors' most significant investment, yet it seems that too many wealth advisory firms appear to overlook this critical asset class altogether."