Basile takes up St George wealth management reins
St George Grouptoday appointed Nick Basile to the new position of head of investments and insurance in an attempt to drive the group’s wealth management division forward.
Reporting directly to wealth management group executive, Paul Fegan, Basile will be responsible for margin lending, Advance Asset Management and the insurance businesses.
Aside from Sealcorp, Basile will also manage the wealth management product strategy and distribution to external markets, and support the St George internal distribution network.
In the past, Basile has held a variety of high profile positions including investment management head with Commonwealth Bank, executive director of investments for Legal & General Australia and investment manager and director, Lend Lease Investment Management.
“There are a number of initiatives underway to allow wealth management to leverage off the Group’s new integrated sales and service approach,” says Fegan.
“Nick will work closely with our business managers to effectively structure the channel and ensure our customers have access to a competitive range of investment services.”
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