Westpac appoints acting general manager, advice



Westpac has appointed Ashley Stewart as acting general manager of advice to lead the transformation of the bank’s advice business, and the transition activities with Viridian Advisory, effective 1 May.
The appointment followed Jane Watts’ move to general manager Westpac Retail and Premium Bank.
Stewart has been with the Westpac Group since 2011 and has served as National Head of BT Group Licensees (which includes Magnitude and Securitor) since June 2018, whilst also Head of Westpac’s Private Wealth businesses in Victoria and South Australia, the firm said.
Recommended for you
Managed accounts saw net inflows of $16.7 billion in the six months to 30 June, as IMAP chair Toby Potter describes the offering as having reached their “maturity phase”.
Coastal Advice Group has completed the acquisition of three advice businesses across Australia, as it sets its sights on major national expansion over the next financial year.
Financial advisers are demonstrating growing interest in crypto ETFs, with momentum pushing assets in these products past $800 million.
Colonial First State has exceeded $20 billion invested in its CFS managed accounts, announcing multiple expansions to its platform offering.