ME Bank founding CEO appointed to Powerwrap board
Digital wealth management company Powerwrap is expanding its board with the appointment of ME Bank founding chief executive, Anthony Wamsteker as a non-executive director.
Wamsteker, who also holds a non-executive director position with Primary Securities Limited retired from the dual role of chief executive and managing director at Quay Credit Union, and previously held positions AXA and the National Mutual Funds Management in Melbourne.
Commenting on the appointment, Powerwrap chair Matthew Driscoll said,”Anthony Wamsteker is an experienced director, whose appointment has the support of a large number of shareholders.”
Wamsteker is also the founder of Supereverything and was the founding chief executive of ME Bank, where he held the position for nine years.
Recommended for you
As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.
Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.
Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.
FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.