Tim Steele to take over ipac
AMP Horizons director Tim Steele will take over as managing director of dealer group ipac, reporting to AMP director, advice network and strategic development Andrew Waddell, from early 2013.
Current head of ipac Neil Swindells will take on responsibility for AMP's direct equity investments in financial planning practices across several licensees, also reporting to Waddell, AMP announced.
The move is part of an ongoing review of AMP's advice businesses following the AXA merger in 2011, AMP stated.
Recommended for you
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
Insignia chief executive Scott Hartley is among two new appointments to the Financial Services Council board, returning after a two-year hiatus.
