WealthO2 appoints non-executive director

Adviser platform alternative WealthO₂ has appointed Graham Hand as a non-executive director to its board, as the platform passes the $1.5 billion mark for funds under administration.

Hand had 40 years’ experience in financial markets, including group treasurer and treasury managing director roles at large banks.

He was also on the board of ASX-listed Absolute Equity Performance Fund, a committee member at Lazard Asset Management and fintech startup OpenInvest, and most recently he was co-founder and managing editor of Cuffelinks.

Shannon Bernasconi, co-founder and managing director of WealthO₂, said Hand’s knowledge and expertise will be invaluable as WealthO₂ enters the next phase of its development.

“This will become increasingly relevant in a post Royal Commission environment, where the expectations from financial advisers on the ability for software and platform providers to act transparently and with integrity has substantially increased.