New chief for St George planners
The branch based financial planning network of the St George Bank has a new chief, following the promotion today of David Gall.
Gall, who has been appointed the bank’s group executive of retail business, will be responsible for St George’s retail branches, automatic teller machines and mobile home lenders, as well as its network of just over 100 branch based financial advisers.
He takes over from Andrew Thorburn, who left St George to join the National Australia Bank’s retail banking arm last year.
Gall, who will report directly to chief executive Gail Kelly, will not have responsibility for the bank’s third party dealer group, Securitor Financial Group.
Securitor is by far St George’s largest distribution network, with some 440 financial advisers.
Gall was previously the head of sales and distribution for St George’s corporate and business banking division.
He has worked for the bank for 15 years.
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.