RI Advice Group appoints CEO
ANZ's RI Advice Group has appointed senior national manager, advice and operations, Peter Ornsby, as its new chief executive officer.
Ornsby confirmed the appointment in a LinkedIn post on 20 July, stating that he joined RI Advice in 2004 after leaving the travel industry after almost 20 years.
"RI back then was going through significant change, but I now understand change seems to be the norm and a business cannot improve without change," Ornsby said.
"We have a number of challenges ahead but with the strong tailwind behind us with almost 200 committed advisers, we can make RI the leading brand in financial advice."
The appointment came after RI Advice Group appointed former chief executive, Darren Whereat, to the new position of general manager, aligned dealers and advice standards.
AUTHOR
Malavika Santhebennur
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.
