Snowball gets ready to roll
Snowball has recruited former St George executive Carl Scarcella as general manager of operations as it prepares to unleash its online financial services product on to the market.
In the newly created position, Scarcella will oversee product development, compliance, finance and customer services areas. Prior to joining Snowball, Scarcella spent a lengthy term with St George's investment services business.
Snowball director Bruce Pellow says Scarcella's appointment comes at a pivotal time for the group.
"We're still building up our staff numbers. We're almost at a product launch stage," he says.
Pellow says the founding directors of Snowball knew Scarcella well from his time at St George, as Scarcella was part of the St George team bidding for Sealcorp when it was sold three years ago.
Pellow was one of the key executives of the Sealcorp business that left the group in the past few years to develop the Snowball concept. Others to follow include George Haramis, Terry Williams and Cathy Duncan.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.