InTech signs Mercer exec as director
Asset consultantIntech Financial Serviceshas announced the appointment of former Mercer Asia Pacific chairman and chief executive Bruce Cook as a director.
At the same time, the firm has announced the appointment of former Deutsche Bank senior staffer, Sandra Donnarumma as chief operating officer.
InTech chief executive Michael Monaghan says Cook’s appointment to the InTech Board will significantly strengthen the InTech team.
“Bruce’s entrepreneurial nature together with his remarkable insights will be a major asset to InTech,” he says.
Commenting on his appointment to the InTech Board, Cook says that after taking time out to travel and relax it is time to re-enter the business arena.
“I am delighted to be joining a dynamic organisation with such a focused team,” he says. “Their reputation is second to none and I am looking forward to assisting the Board in developing future business strategy.”
Monaghan also welcomed Donnarumma’s appointment. She joins InTech after being head of controlling for offshore emerging markets and global exchange services with Deutsche Bank in London.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.