Kofod departs St George
PaulKofod, the head of financial advisers at St George Bank, has left the organisation and been replaced by former ANZ staffer Ferooz Normoyle.
It is understood that Kofod has not yet made a decision as to his next position in the industry and he was unavailable for comment at the timeMoney Managementwent to press.
Normoyle previously held the position at ANZ of head of small to medium business for NSW, Queensland and the ACT.
St George customer wealth general manager Tim Norling says Normoyle’s experience means she has developed strong skills in leading large groups of people.
“Ferooz understands both the retail network and wealth, and will work with regional leaders to ensure our advisers are talking to more customers about building long-term wealth,” Norling says.
Normoyle says she will focus on teaming up with other parts in the distribution channel, including branch network and lenders, to deliver good outcomes for clients.
She says she will aim to improve communication and team integration within the St George adviser network, as well as increasing cross-sells to clients within the group and deepening relationships with them.
Normoyle has had an 18-year career with the ANZ bank.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
