IOOF makes changes to senior management
IOOF has made an update with regards to its senior management which includes an appointment of David Chalmers as the firm’s new chief financial officer.
Chalmers, who has more than two decades of global financial experience across consulting, investment banking and private equity, would replace David Coulter who would be leaving the company at the end of February, 2020.
Following this, the firm also announced that Gary Riordan, IOOF’s general counsel, would be also leaving the company in February and the appointment of a chief legal officer would be in due course.
The senior management review was initiated by Renato Mota upon his appointment as chief executive and managing director in June, 2019.
Over the last six months, Mota also made two other appointments which included senior executives, with Melissa Walls being appointed as chief people officer and Adrianna Bisogni being announced as group company secretary.
“These changes ware reflective of the step-change in the scale and size of the business in recent years and the completion of the ANZ P&I transaction,” Mota said.
“The right leadership team and organisational structure are fundamental to our future growth strategy as we continue to stabilise and grow the business and rebuild trust with our stakeholders.
“We have implemented significant changes at IOOF in the last 12 months and continue to challenge ourselves to delivering better outcomes for Australians. I am confident we are putting in place a team that through IOOF’s advice-led strategy, will deliver a market leading proposition.”
Recommended for you
The research house has joined this year’s awards as a research partner and will bring its experience to the awards by selecting the group award finalists.
Global research consultancy CoreData has appointed Angus Dennis from Australian Ethical Investment as it expands its research into responsible and ethical investment.
Allianz Retire+ has appointed Brendon Rodda from PIMCO as chief distribution officer for wealth management.
Following the sale of its platform business to Praemium, Iress has made a second disposal as it moves to streamline operations.