Opportunity lies in private banking, says BT
BT Financial Group has appointed Jane Watts as general manager of Westpac Private Bank, following the departure of Jan Swinhoe.
Watts joins Westpac Private Bank after eight years at Macquarie Private Wealth. BT Financial Group chief executive Brad Cooper said there was a “real opportunity” around wealth management in the high-net-worth segment.
“The private banking industry in Australia is still in a rapid state of evolution and our momentum is centred on delivering a broader suite of services that is more aligned to the needs of our high-net-worth clients,” he said.
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.