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.