Wilson departure not part of restructure

Committed to Asgard platform

By Julie May
Wed 12 May 2010

The departure of Asgard head Wayne Wilson was not part of an internal restructure, BT says.

BT Financial Group (BTFG) has confirmed the departure of Asgard head Wayne Wilson was not part of an internal shake-up within the business.

The news comes just weeks after the departure of BTFG general manager of advice and private banking Geoff Lloyd, who has since been appointed Perpetual Private Wealth group executive.

A Perpetual spokesperson would not comment on whether Wilson had decided to join Lloyd at the financial services firm.

Last month, BTFG announced that following the departure of Lloyd it would restructure its senior executive team.

It said a new business focused specifically on superannuation, investment and retirement would be led by David Lees, while John Shuttleworth would lead BTFG's platforms business with responsibility for both BT Wrap and Asgard.

Mark Spiers would be general manager of advice, with responsibility for Westpac and St George financial planners, personal insurance advisers, independent financial advisers and dealer groups.

Jan Swinhoe would continue to lead Westpac Private Bank and Rebecca Lim would move across from Westpac's senior team into a new post as St George Private Clients general manager.

BTFG said it would advise the market of an acting head of Asgard within days.

"We're absolutely committed to growing and strengthening the Asgard platform and we're undertaking an external and internal search for a new leader to ensure we find the best candidate to take the business forward," it said in a statement.

"Wayne successfully led his team throughout the integration of the BTFG and St George wealth businesses and leaves the Asgard team with a clear three-year strategic plan based on a one-platform operating environment."

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