Monaghan departs Intech
Intech Investments has announced that its former chief executive, Michael Monaghan, who assumed the role of non-executive director in September 2007, has resigned and that the vacancy on the Intech board will be filled by Daryl Hawkey.
Monaghan will leave Intech in November to head up the Sydney superannuation practice of Deloitte Actuaries and Consultants.
Hawkey, who has been appointed by Intech as an independent non-executive director, holds a 40-year career in banking and funds management, which includes 13 years as an executive director of Sagitta Wealth Management (formerly Rothschild Australia Asset Management) and a stint as board member of the Investment and Financial Services Association and Financial Industry Complaints Scheme.
He is currently a principal of Cameron Ralph, a business that aims to assist boards to improve their performance, as well as director of UCA Funds Management, State Trustees and STL Financial Services.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
