Head of RetireInvest stands down
The general manager ofRetireInvest, David Phelan, will leave the group at the end of this week, bringing to a close nearly seven years with the group.
Phelan’s replacement has yet to be named andINGexecutive director for dealer groups, Tony Hartley says the group will go through a recruiting process to find the next general manager of the adviser group.
Hartley will take on Phelan’s duties until his replacement comes on board but many of the duties will be split among other ING dealer group executives, with Steve Thomson (national manager strategy and acting deputy general manager), Vicki Ampoulos (national manager corporate business), Steve Quine (national risk and compliance manager), Jeffrey Lehner (operations manager) and the state manager team all expected to take on some of Phelan’s work.
RetireInvest is one of three dealer groups owned by ING, alongside Tandem Financial Advice and Millenium 3, which has consolidated its adviser and dealer group numbers in recent years.
During that time RetireInvest has not been merged with other groups however Tandem is the result of the merger of Lynx Financial Services, AustAdvisers and Partnership Planning last year. The latter of those three groups was the result of merging Bleakleys and Adviser Investment Services in 2001.
The move also resulted in the departure of Lynx managing director Stuart Abley toIOOFand the general manager of AustAdvisers, Neil MacDonald, who left to joinAMP.
These were followed by head of ING Advice, Mike Goodall, leaving the group to set up his own advisory business.
AUTHOR
Jason Spits
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