Big reshuffle at Wilson HTM as CEO departs

Wilson HTM chief executive David Groth has stepped down after a year in the role, sparking a major reshuffle at the group.

Executive chairman Steven Wilson will immediately move into the role of group managing director and non-executive director Steven Skala has been immediately appointed non-executive chairman in Wilson’s place, Wilson HTM stated in a release to the Australian Securities Exchange.

Wilson said his focus would be to consolidate on recent improvements in the company and work with the firm’s professional managers and team to grow the business across all areas of private clients, capital markets and funds management.

Groth, who has been with the group for 17 years, will be moving to Brisbane to take on a client-facing role as director, corporate finance, within the firm, according to Wilson HTM.

Skala has been a board member since 2002 and has governance experience through his background as a corporate lawyer, investment banker and investor. He is currently vice chairman for Australia and New Zealand of Deutsche Bank AG, Wilson HTM stated.

Andrew Coppin has also joined the firm as head of private wealth management having previously worked at Merrill Lynch, Bell Potter and Patersons.

The appointment comes as Wilson HTM looks to grow and extend its private wealth management division in terms of funds under management and client service capabilities, the company stated.