Centrepoint Alliance appoints CIO



Centrepoint Alliance is extending its service offer to advisers and clients with the appointment of former Citibank employee, Toby Lewis, to the position of chief investment officer (CIO).
Centrepoint managing director, John de Zwart, said the increased demand from advice firms for investment advice and consulting services had prompted the appointment.
"With guidance and support from our community of financial advisers and licensees, we are building our capabilities in the areas advisers have told us they need support," he said.
"With Toby's wealth of experience, he is perfectly placed to develop this service."
Under the Centrepoint adviser community, Lewis would assist firms with the design and implementation of client-centric work practices. He would also build on existing Centrepoint research capabilities and continue the development of partnerships with fund managers for the delivery of new solutions.
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.