Suncorp picks up former St George exec
Suncorp has appointed a new chief financial officer to its wealth management business.
Peter Loosmore will step into the role of CFO on February 16. He was most recently CFO for wealth management and retail banking at St George/Asgard, a role he had held from 2004 to November last year.
Loosmore is replacing Kym Hooper, who is leaving Suncorp, and will report to Suncorp Wealth Management group executive Geoff Summerhayes.
Summerhayes said one of the tasks he faces is continuing to build a team with the skills to succeed in the current “challenging and unprecedented environment for financial services”.
Loosmore has held senior roles in the financial services industry for the past 20 years, the statement from Suncorp said. Prior to his role at St George, Peter was an executive director and CFO of Rothschild Asset Management in Australia. He has also held senior roles with NRMA Insurance and Deloitte Management Consulting.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
