Nunn shuffles distribution roles at Colonial
Colonial First Stategeneral manager distribution Richard Nunn has moved swiftly to “remove any overlapping of responsibility and accountability” within the group’s distribution division less than two months after being appointed.
While there have been no departures as a result of the shake-up, Nunn has moved to re-assign a number of employees with many taking on new roles.
Nunn says the changed roles are an attempt to “implement a clear key account management process and bolster resources around research house relationships and business development manager training to deal with an expanded product offering”.
The changes include the creation of two key account manager roles to manage the business to business relationships between CFS and its key retail distribution clients.
These roles will be filled by existing state manager for Victoria and Tasmania, Andrew Stewart, and senior business development manager for NSW, Matt Thompson.
Meanwhile head of master funds and online business development Adam Coughlan has accepted the position of state manager for NSW and the ACT, and replaces Kylie Macfarlane who moves into the newly created role of head of distribution development and planning.
Chris Clayton will assume the role of manager for researcher relationships and moving from his role as institutional business development manager. Existing business development manager Damien Purcell will join the NSW/ACT team in the same capacity.
Nunn will announce an external appointment next week to fill the state manager Victoria and Tasmania role departed by Stewart.
Recommended for you
The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
