A major fallout as Little departs from Tyndall
Tyndall investment director Doug Little has emerged as the highest profile departure from Tyndall, following the takeover of the group by Royal & Sun Alliance (RSA) was completed last month.
Tyndall investment director Doug Little has emerged as the highest profile departure from Tyndall, following the takeover of the group by Royal & Sun Alliance (RSA) was completed last month.
Chief investment officer of Tyndall New Zealand subsidiary Guardian Trust, Michael Good, has landed the job of asset management chief ex-ecutive under the new structure to be presided over by former Tyndall managing director and now RSA Australia managing director Mike Wil-kins.
Little had been with Tyndall since 1994 following the departure of Peter Pedley who had guided the group since its disaster at the hands of the 1987 stock market crash which nearly decimated Tyndall, or Clayton Robard as it was known then.
Up until 12 months ago, Little had guided Tyndall to the top of the performance tables but the group's value-based investment process had suffered with other value managers in 1998.
Wilkins says the decision on the new executive team means that Lit-tle's position as investment director at Tyndall has been become re-dundant.
"I would like to take this opportunity to thank Doug Little for his service to Tyndall," he said.
Former Tyndall head of retail products Dennis Fox joins Michael Good on the new look RSA executive team and has been named chief executive of superannuation and retail funds.
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
