Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Geoff Lloyd appointed MLC CEO

NAB/mlc/appointments/

17 July 2018
| By Nicholas Grove |
image
image image
expand image

Former Perpetual chief executive and managing director Geoff Lloyd has been appointed the new CEO of MLC, effective 1 September 2018.

The appointment follows National Australia Bank’s announcement in May that it will be exiting its Advice, Platform & Superannuation and Asset management businesses, currently operating under MLC and other brands, to allow a focus on a simpler wealth offering through nabtrade and JBWere.

In his new role, Lloyd will report directly to NAB CEO Andrew Thorburn.

“Geoff is a standout leader and the right person to lead through the transaction, establish a new standalone business and build it for the future,” Thorburn said.

Thorburn said Lloyd is a highly regarded executive with a proven track record of delivery, having successfully driven a major turnaround program at Perpetual through a period of significant structural change.

“The core MLC wealth management business is strong with great prospects and I am confident Geoff will not just assist in a successful transaction but also help realise the full potential of the new business,” he said.

Lloyd said he was looking forward to starting in the new role.

“MLC has a great heritage and a diverse portfolio of high-quality and well-regarded businesses and brands that I am very passionate about,” he said.

“This is an exciting challenge and opportunity to lead a business that is well positioned to grow and continue delivering for clients in the decades ahead.

“I’m also looking forward to playing my role in responding to the external challenges for our industry and working to grow confidence and trust in the service we deliver our customers and helping them secure their financial future.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

4 days 12 hours ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

4 weeks 1 day ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

1 week ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

2 weeks 2 days ago

The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted. ...

2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND