Managed investments and superannuation firm BT has appointed Kieran Varcoe as head of platforms.
Varcoe joined BT with over 20 years’ experience in wealth and platforms, and had specialised in product and platform operations at MLC before joining REST superannuation where he was most recently general manager administration solutions and governance.
Varcoe would commence with BT from mid-February reporting to Kathy Vincent, BT managing director for platforms, investments and operations.
Vincent said Varcoe’s expertise aligned with the firm’s strategic priorities and he would be critical as the firm continued to deliver strategic growth of its platforms business.
“This is a key role in helping to lead BT’s transformation agenda as we migrate clients from BT Wrap to one of Australia’s contemporary and fastest-growing platforms BT Panorama,” Vincent said.
The BT Wrap platform currently had $55 billion in funds under administration (FUA), while BT Panorama had $36 billion FUA.
The first successful migrations took place late last year and further tranches would commence in early 2021.
“Kieran’s proven experience in leading simplification programs, managing large-scale platforms teams and operations, and deep industry knowledge will be an asset to BT,” Vincent said.
Rodney Greenhalgh, head of investment product solutions, had been caretaking in the role while BT sought a suitable replacement for Dina Kotsopoulos who departed the group in October 2020.