Smedley to chair new BHP business
Colonial boss Peter Smedley has been named chairman of BHP's long products business, to be called OneSteel.
Colonial boss Peter Smedley has been named chairman of BHP's long products business, to be called OneSteel.
The new position is Smedley’s second new board appointment this year. He was also offered a seat on the Commonwealth Bank’s board after it made a $10 billion bid for the company.
Apart from his experience in financial services, Smedley is also the deputy chairman with gold miner Newcrest Mining and he spent nearly 30 years with Shell Australia.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.

