Investec strengthens team
In a move to strengthen its private clients division, Investec has expanded its adviser team with a number of hand picked, high profile advisers according to head of private advisers and funds management Michael Pillemer.
Independent advisers Jeanie Sinclair and Roy Todarello have moved across to the group after a number of years working in their own practice.
Both were among the first graduates of the Masters of Commerce and Financial Planning from the University of Western Sydney, and Sinclair was the first female to complete the degree.
Todarello has about eight years in the industry and comes from an engineering background, while Sinclair has been in the industry for 11 years and has a background in investment banking.
Pillemer says the new advisers fit in with the profile of advisers in Investec and have strong technical skills that will assist with the groups target market of high net worth individuals.
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.