The SMSF Association has appointed Robin Bowerman as chair. He is head of corporate affairs at Vanguard Investments, has held the position of SMSFA vice chair for three years and has been a member of the board since 2011. He takes over from Deborah Ralston who has resigned as chair and as a director following her appointment to the Retirement Income Review panel that was announced by the Treasurer. Former chair of the Association, Andrew Hamilton has been appointed as vice chair.
Former Evans Dixon chief executive Alan Dixon has permanently stepped down from his executive duties. Dixon will continue as a non-executive director and will not seek director fees from this role.
Legg Mason has appointed its head of Australia and New Zealand, Andy Sowerby to a new expanded role as head of Asia Pacific (ex-Japan). He takes over the Asia portfolio from Lennie Lim, regional head for Asia ex-Japan who will retire early next year. Sowerby will continue to report to Terry Johnson, global head of distribution.
Boutique investment group Mayfair 101 has appointed Michael Divens as group chief financial officer (CFO). He has 15 years’ experience as a CFO and joins from funds management firm River Capital. Prior to that he was CFO at Rockwell Group Private Equity and chief operating officer at Morrows. Divens will be responsible for Mayfair 101’s launch of the Mayfair Platinum brand and the purchase of Dunk Island in Queensland.
MyState has appointed Gary Dickson as interim chief financial officer (CFO). He joins from ME Bank where he has been CFO for the last six years. Prior to that was CFO at AXA. Dickson will be on a fixed term contract which ends in June 2020.
Peter Wilmshurst, portfolio manager of Templeton Global Growth Fund (TGG) and portfolio manager and research analyst of Templeton Global Equity Group (TGEG), has announced his resignation from Franklin Templeton. Peter Sartori, executive vice president of TGEG will take over leading portfolio management responsibilities for TGG and will be supported by Alan Chua and Paul de Josselin from the TGEG team.
The Australian Prudential Regulation Authority (APRA) has announced a number of new executives in light of its new organisational structure. Under the new structure, each of APRA’s six operating divisions will be led by an executive director with the following appointments:
- Sean Carmody has been appointed as executive director, cross-industry insights and data;
- Brandon Khoo has been appointed to the role of executive director, insurance;
- Therese McCarthy Hockey has been appointed as executive director, banking;
- Suzanne Smith has been appointed as executive director, superannuation;
- Steve Matthews has been appointed chief operating officer and executive director, enterprise services; and
- Heidi Richards will act in the role of executive director, policy and advice pending a permanent appointment to that role.
Cashwerkz has appointed Craig Swanger to its board. He has extensive experience with fintechs and is a non-executive director of neobank Xinja, peer to peer lender Wisr. Swanger is director and chief investment officer at Revolver Capital and was previously chief investment officer and head of innovation at Macquarie Bank and chief economist at FIIG Securities. Last month, Cashwerkz relegated its chief executive Hector Ortiz to head of sales and appointed John Nantes executive chair.
The newly established QMV Legal has appointed David Reckenberg as managing partner. He will oversee the strategic rollout of QMV’s legal services function which will provide a focused and innovative legal and regulatory advisory model for superannuation and financial services clients. Reckenberg joins from Hive Legal where he provided advice to clients across superannuation and the broader financial services market. Prior to this, he held several roles at UniSuper, including acting as general counsel and held an in-house legal role with Vanguard Investments Australia.