ICA president turned strategic consultant
AdviserLogic Group has announced the appointment of former Institute of Chartered Accountants president, David Smith, as a consultant to the group, where he will also be promoted to the board as non-executive chairman in due course.
Smith takes up this position off the back of a long history in software development, financial services and accounting, including his former position of president of the ICA.
He is currently assisting a number of companies in a consultant capacity and was the former managing partner of PKF (now BDO) and an investor in a life/risk licensee now owned by Macquarie Group.
AdviserLogic head of product development, Daniel Gara, said the firm was pleased to welcome Smith, whose multiple areas of expertise would help propel the company through navigating the market as an emerging firm.
"A steady and experienced hand will be critical to AdviserLogic Group as we take advantage of the restructuring, disruption and aggregation that financial services and accounting are experiencing at present," Gara said.
"You need deep market knowledge to navigate these kind of changes; we're honoured that a person of David's calibre has agreed to take on this very important role."
Recommended for you
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “gamechanger” for a fund’s demand with advisers.
Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
