Scott, BT part company
Ron Scott has resigned from his post as head of BT Portfolio Services.
Ron Scott has resigned from his post as head of BT Portfolio Services.
Scott, who has been with the BT group for the past 12 years, has been at the helm of BT Portfolio Services since it became a separate business in 1997.
No official reason has been given for his departure.
Scott’s replacement is former chief operating officer for BT Financial Group, Graeme Fowler. Fowler has been with BT since 1987. From 1995 to 1997, Fowler was chief executive officer for BT Funds Management in New Zealand.
Scott’s departure has not been the only movement at BT Portfolio Services of late. A few weeks ago, Bill Wawn took up the second in command position, responsible for sales, marketing, product and relationship management with the business.
The month before, long serving BT Portfolio Services senior vice president Dan Powell left the group to join rivals Asgard. Powell was involved in the wrap ac-count side of BT Portfolio Services’ business.
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.
