Just hours after its announcement around ruling a line under its grandfathering arrangements, BT Financial Group has signalled changes within its adviser distribution arrangements.
The company’s general manager, BT Group Licensees, Phil Butterworth will be leading the Adviser Distribution team within the platforms business, succeeding the company’s Head of Adviser Distribution, Jo Moxey.
Moxey used an e-mail to clients and advisers to state that she had “decided to pursue another opportunity within the Westpac Group” and that as a result of her decision “there had been other announcements, combined with some structural changes within the Adviser Distribution team”.
“As of Monday 2 July, Phil Butterworth will lead the Adviser Distribution team who will maintain our focus on platform sales and servicing. Phil will no longer be responsible for the BT Group Licensees business given he is moving into this role; Ashley Stewart will be taking on the position as Head of BT Group Licensees alongside his role in Private Wealth,” Moxey’s e-mail said.
Butterworth said in his e-mail to stakeholders that he would be heading off on leave for a week and that any enquiries regarding BT Group Licensees should be directed to Kon Costas.