Hillross names new managing director
AMP has named Hugh Humphrey as the new managing director of its premium dealer group, Hillross.
The role has been vacant since February when John McMurdo left to take up the chief executive role at Centric Wealth.
Humphrey is a relative unknown to the financial services industry— he joins Hillross from Singtel Optus where he was director — mobile and convergence.
AMP director of financial planning, advice and service, Steve Helmich said Humphrey’s appointment would bring “a fresh approach” to the Hillross business.
“His extensive sales and marketing experience with some of Australia’s largest and most competitive companies will ensure Hillross is well placed for future growth,” Helmich said.
Prior to working at Optus, Humphrey spent six years with Vodafone in a number of senior roles, having started his career as a management consultant at PricewaterhouseCoopers.
Humphrey will step into the role in November. Until then, Ray Djani will continue as acting managing director.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.