Adviser Ratings appoints wealth CEO
Adviser Ratings has announced the appointment of former Standard & Poor’s executive, Mark Hoven as chief executive, wealth.
Hoven would be reporting to founder and managing director, Angus Woods.
Hoven would join Adviser Ratings from Equifax, where he was head of wealth segment, and previously held senior leadership roles at Standard & Poor’s, with his most recent being managing director, global fund services.
Woods said Hoven had a strong track record of leadership, having run businesses servicing the superannuation and investment management market.
“I am excited to have someone of Mark’s calibre on the executive team. He brings extensive experience and networks within the Australian wealth management sector combined with great knowledge of big data, analytics, and rating methodologies,” Woods said.
Woods said the financial advice space was witnessing high adviser turnover, changing institutional ownership, new business models, the introduction of strengthened professional standards, and more regulatory obligations for financial product failures on manufacturers.