PIS restructures to integrate with PAL
Australia’s largest independently owned dealer group,Professional Investment Services(PIS), has restructured its management team which will see the further integration of PIS with Professional Accountants Limited (PAL).
PIS managing director Greg Whimp will now hand over some of his responsibilities to PAL managing director Grahame Evans, allowing Whimp to focus on maximising the international opportunities PIS has created recently in both Asia and North America.
Evans will take increasing responsibility for the PIS operations in Australia and New Zealand. Meanwhile Gary Jenkins will take responsibility for the distribution of all the group’s products and services to its network and Stephen Poole will assume responsibility for the group’s strategic alliances and marketing and communication.
The management restructure will facilitate the integration of PIS and PAL products and services, a core focus for the group going forward.
“The PIS group of companies is at a watershed stage of its development, with many opportunities existing both domestically and internationally. A structural change in management was required to position the company to maximise the opportunities,” PIS chief executive Robbie Bennetts says.
Bennetts announced in May of this year that PIS was close to signing joint venture deals with major institutional dealer groups in both Canada and the United States, allowing PIS to open 50 branches across the US and Canada.
In the same month PIS also announced it was teaming up with the Norwich Union group, the owner of Navigator, to distribute the investment platform in Singapore.
The PAL business was set up by PIS in late 2000 as a consolidator group for accounting businesses.
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