Two more leave Advance

investment-management/

22 January 2007
| By Darin Tyson-Chan |
image
image image
expand image

Geoff Lloyd

Advance Asset Management has lost two of its Victorian sales team members, with state manager Damian Holland and offsider Olivia Hawkes recently exiting the company.

St George general manager, wealth, Geoff Lloyd said: “Damian resigned before Christmas and he’s taken a job with a boutique asset manager. It has a different sort of structure and opportunities are there for him, which is great for him personally.”

According to Lloyd, Hawkes is continuing her working association with Holland by joining him at his new place of employment.

“Olivia’s going with Damian. She and Damian have worked together in their last three jobs,” Lloyd said.

Advance is looking to replace both staff members and Lloyd believes the development has given the newly appointed national head of sales and distribution for Advance, Greg Newman, the opportunity to “hand pick” his Victorian sales force to take the business into the future.

“Greg’s got an extensive asset management background and has been Asgard’s state manager in Perth for the last four years. He’s worked in the Melbourne market in particular, so he’s obviously in that role and reconsolidating the team he wants for the go forward,” he explained.

“I see the stability of the team now very strong, and for Greg it gives him an opportunity to get the right team going forward in Melbourne,” Lloyd added.

The news comes a fortnight after it was revealed that Advance head of investment solutions Steve Gamerov was leaving the organisation to join boutique manager MIR Investment Management.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5