New chair on Managed Accounts Holdings board
Managed Accounts Holdings has announced former Pillar Administration chief executive officer, Peter Brook, will step up as its new non-executive chair, replacing Don Sharp.
Brook joined the Managed Accounts board in April last year after a 40-year career in executive and director roles at Pillar, StatePlus, Alinta Energy, Challenger Financial Services Group, MLC and Grant Thornton.
The announcement followed Sharp’s announcement to step down from the role, citing increased executive responsibilities as a result of taking on the role of interim chief financial officer until a replacement for former CFO, Mark Pozzi, is found.
In an announcement to the Australian Securities Exchange, the firm said Sharp’s remuneration would be temporarily increased to $240,000 per annum (plus superannuation) during the period he performs the duties of CFO. The salary is equivalent to what is currently being offered to a replacement CFO, and includes his remuneration as executive director.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
