Watts takes on new role at Macquarie
Afterless than six months in her role as head of executive services, Macquarie Financial Services’ Jane Watts has been promoted to the position of head of wealth management.
Watts’ new brief is to develop and manage the implementation of strategies to grow the wealth management division.
Associate director of wealth management, Doug Webber, says the wealth management division is predominantly made up of the existing strategic financial planning businesses along with related support functions.
“Jane’s focus will be on both growth in value of existing clients and new client acquisition,” he says.
“Her focus will be on increasing funds under management and associated revenue streams.”
Reporting directly to head of wealth management, Peter Coleman, Watts will also continue to be responsible for the ongoing development of the executive services division, which targets corporate clients.
Watts was the founder and former chief executive of National Australia Bank/MLC owned dealer groupAdvantEdge, which also targets corporate clients, but moved to Macquarie in August along with colleagues Webber and Tony Vaessen, following the restructure of the dealer group in May.
AdvantEdge lost another scalp to Macquarie late last year when Craig Benham joined the group as head of paraplanning.
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