Morris to quit BTIM next week
BT Investment Management's chief executive, Dirk Morris, will leave the fund manager next Monday rather than on October 1 as announced last week.
A BTIM statement on the Australian Securities Exchange this morning gave no reason for the move, saying only that chairman Brian Scullin would assume the role of executive chairman, taking responsibility for day-to-day management of the company.
Morris resigned at the same time as presenting a three to five-year strategic plan to BT Investment Management's board, saying he himself could not commit to the plan’s timeline.
Executive search firm Egon Zehnder has been appointed to undertake an international search for the new chief executive for BTIM.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
