IWL gets new board
A new board has been announced by financial services group IWL in the wake of its acquisition by the Commonwealth Bank ofAustralia.
The group announced on the Australian Stock Exchange late yesterday that three directors had resigned effective yesterday — Tim Norton, Sue Thomas and Rob Turner.
The new directors appointed to the IWL board are Craig Carland, Matthew Comyn, Leigh Conder, David Hancock, Paul Richard and Edward Tait.
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.