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
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.