Sealcorp signs BT head of wrap
By Jason Spits
BTFinancialGroup head of wrap Dean Thomas has moved to Sealcorp as director of product after only six weeks in his previous role.
Thomas, who was also head of investments and superannuation products for BT, was promoted to the role in mid-May after the previous head of wrap, Mark Smith, left BT to takeover the running of the group’s New Zealand operations.
Thomas will start with Sealcorp in August and report through to chief executive Geoff Lloyd, who was also previously with BT and joined Sealcorp in March this year.
The move marks the end of a 13-year relationship with BT for Thomas, who held a number of roles with the group covering managed funds, superannuation and platform administration. As head of wrap product, he was responsible for the BT Wrap and Wrap Essentials products.
BT has indicated it has started the process of replacing Thomas, stating it is looking for a suitable candidate for a prime role on a fast growing platform.
Thomas’ departure follows on from Smith moving to take on the chief executive role of BT New Zealand. Smith replaced incumbent Craig Stobo while the chief investment officer of the Australian business, Guy Strapp, took on responsibilities for New Zealand after the departure of chief investment officer Andrew South.
AUTHOR
Jason Spits
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