Third-party administration provider FuturePlus Financial Services has appointed Elvio Bechelli as chief financial officer and a member of the executive management team.
Bechelli joins from St George Bank, where he was also CFO, and he will start at FuturePlus on 7 November.
He is FuturePlus's third CFO in less than two years. Last month, Tony Griffin left the company after nine months in the role.
Griffin succeeded Bob Biancardi, who left FuturePlus in February 2010 after eight years with the firm.
"Elvio will not only be responsible for the management of the financials and IT functions, but he will become involved in the growth strategy to move FuturePlus forward as we reposition ourselves as a third-party administrator for super funds," FuturePlus Financial Services managing director Madeline Dermatossian said.
FuturePlus has experienced a high degree of turnover in recent times, losing almost its entire executive team.
Investor Weekly understands the leakage at the firm has continued and recent departures include head of tax Malika Siyali, who was in the role for four-and-a-half years, and head of investment services Vickie Choy.
