Wilson HTM appoints new MD

Wilson HTM Investment Grouphas appointed former Commonwealth Bank of Australia executive, Neil Schafer, as its new managing director, with incumbent group head Steven Wilson moving into the role of executive chairman.

Schafer, who was most recently providing consultancy advice to private corporate clients, will be Sydney-based and responsible for continuing Wilson HTM’s transition from a Queensland-based stockbroker to a national investment and financial advisory group.

Wilson will remain in the group’s Brisbane-based head office and says despite the appointment he “will remain deeply involved with Wilson HTM on a daily basis, with the benefit of being able to focus on business development, major strategic initiatives and client relations”.

Prior to his role as consultant Schafer spent seven years with CBA as general manager for New South Wales/Australian Capital Territory and global head of financial markets client sales.

“We are very pleased to have attracted someone of the calibre of Neil Schafer to the firm. Neil has extensive experience in the financial services industry, and will bring this experience into play in the national arena,” Wilson says.

Wilson WTM, which acquiredBNP Paribas’ Australian equities business back in September 2002, has approximately $450 million in funds under management across Australian equities, international equities and Australian and international fixed interest.

The lion’s share of the assets ($300 million) are in Australian equities.