RI Advice CEO steps down for family reasons
Chief executive officer of ANZ-owned dealer group RI Advice, Paul Campbell, has left the group for family reasons, the company has announced.
According to a statement released by ANZ, a replacement would be announced "in due course".
"His contribution to the business has been significant and positions RI well for the future," the banking group stated.
The group added Campbell is leaving the business with "excellent working relationships and the respect of the broader RI and ANZ Wealth teams".
Earlier this year, RI Advice Group underwent a business review, which included restructuring practice agreements to remove conflicted remuneration structures.
RI Advice head of practice management Peter Ornsby said a key consideration was getting the group ready for Future of Financial Advice changes.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
