MGD appoints director of risk and succession



Boutique financial services firm, MGD Wealth, has expanded its team with the recruitment of succession expert, Andrew Proudfoot.
MGD Wealth chief executive, John Barton, said Proudfoot was set to be the director of risk and succession, with a focus on financial risk mitigation and high level business succession strategies.
That was always a high priority for MGD and the appointment of Proudfoot would bring that into focus for the Brisbane-based firm, Barton said.
"He has a seriously impressive background, having provided advice to some of the country's top professional services firms, including subsidiaries of international players," he said.
His background was in law, tax and economics which would position him perfectly in the company, Barton added.
Proudfoot was previously in the banking sector with NAB and Suncorp in senior specialist risk and wealth management roles.
Recommended for you
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
Global equity manager Orbis Investments has appointed a head of marketing from Capital Group as it becomes the latest manager to target advised retail investors.
While Australia prepares for the $3.5 trillion intergenerational wealth transfer, a Wilsons Advisory report suggests the ongoing gender imbalance in the advice profession could prove a challenge to this process.
Danielle Press, a former ASIC commissioner, is to chair a new AFSL committee set up by Sequoia which seeks to improve governance practices and review its approved product lists.