Avanteos distribution head departs

Wrap platform providerAvanteosgeneral manager distribution and marketing, Greg Newman is leaving the firm today after three years, following the expiration of his contract.

Newman says he is leaving the group “on good terms”, but that the “business will not be able to provide the challenges and growth that he is seeking” as it enters its next phase of growth.

Since Newman’s appointment in November 2000 when he was entrusted with building a client base for the then-fledgling business, the group has grown significantly, signing up groups such as Deakin, Austchoice, Berkley , Beacon, Lifespan and Symetry as clients.

While Newman has no definite plans for his next role, he says he will be looking at other management opportunities within the industry, after “enjoying some time off”.

Avanteos chief executive Serg Premier will take over Newman’s responsibilities until a replacement has been found.

Last month Avanteos chief executive Mark Papendieck left the group after concluding his three year employment contract and was replaced by former Commonwealth Bank senior executive, Serg Premier.

Premier left the Commonwealth Bank seven months ago as general manager for major projects including re-engineering the bank’s EFTPOS business. Prior to that he was the chief executive officer of GE Capital Finance.