Skandia rewards Borysiewicz with board seat
Richard Borysiewicz has been rewarded for a successful seven months heading distribution for Skandia by being granted a place on the group’s board.
Borysiewicz is not giving up any responsibilities in making the move, and will continue to lead a team of 27 business development managers and key account and relationship executives.
The board governing Skandia’s $2.5 billion under management in Australia meets quarterly, when chairman Gunnar Moberg, also Skandia’s Asia-Pacific chief executive, flies down from Hong Kong.
Other executives on the board are Ross Laidlaw (Australian chief executive), Charles Magro (head of product and strategy) and Chris O’Hehir (chief operating officer). Non-executive directors are Sarah Brennan and David Lewis.
Borysiewicz joined Skandia in July 2004, after a tumultuous period where merger activity sent him from Rothschild Australia Asset Management, to BT Financial Group and then Principal Global Investors in quick succession.
During 2004, Skandia’s local assets under management doubled, and revenue grew 270 per cent on 2003.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.
