Powerwrap recruits for growth
Former Hub24 executive, Wes Gillett has emerged as head of sales at platform provider, Powerwrap.
Powerwrap announced Gillett’s appointment this week alongside that of former Morgan Stanley Wealth Management executive director, James Edmonds and former Netwealth group chief financial officer, Bruce MacDougall as Chief Financial Officer.
Commenting on the appointments, Powerwrap chief executive, Will Davidson said the firm was delighted to have added such strong experience to its ranks.
“These are high quality industry leaders with extensive experience in growing and sustaining platform businesses in the wealth market,” he said.
Davidson said the appointments came at a crucial time for Powerwrap.
“Powerwrap is aiming to become the largest unconstrained and most innovative institutional grade wealth management platform in the market,” he said. “With the breakdown in the vertically-integrated banking model, Powerwrap is uniquely placed to offer financial planners and wealth advisers a non-bank-owned partner to conduct and grow their wealth businesses.”
<p><p><p><p><p><p>
Recommended for you
Financial Services Minister, Stephen Jones, will keynote Momentum Media’s Election 2025 event.
Rising bearishness among investors has led to a retreat into defensive assets, according to the latest quarterly manager and intelligence trends report from Bfinance.
Cbus Super, the superannuation fund for blue-collar workers, has announced it paid out almost $300m in insurance claims over the last financial year, a rise of $40m from the year before.
The $700 million not-for-profit fund Lutheran Super has announced it is to merge into Mercer Super, with the transfer set to take place in the fourth quarter this year.
