Wealth management platform Acclaim Wealth has announced the appointment of current head of distribution and partnerships, Terry Constable, as its incoming chief executive officer, effective 1 October.
Mr Constable, who is based in Sydney, has been with Acclaim for over a decade, most recently as the head of distribution and partnerships.
Before this, he spent seven years as a senior business development manager.
He succeeds Alan Hegerty, who announced his intention to step down as CEO after 12 years in the role, effective 30 September.
Mr Hegerty also led the business through its rebrand in September of last year, after AMG Super closed its MySuper option and announced that it would become Acclaim Wealth to reflect its evolution into a full wealth management platform.
According to the firm, the transition comes as Acclaim continues to expand its services and build strong relationships with partners.
Commenting on his departure, Mr Hegerty said: “After 12 years with the business, it is time to start a new chapter and move onto the next challenge.”
“I am extremely proud of what we have achieved. We have launched our new market-leading products and are close to completing our transformative system upgrade project, which positions Acclaim perfectly for the next phase of our growth. Terry is the right person to navigate the business through this next stage.”
“We are very proud to announce Terry as Acclaim Wealth’s new CEO,” added Acclaim chairman Ugo Di Girolamo.
“Over the last 10 years Terry has played a big part in helping grow the business to where it is today, showing a strong commitment to providing the best possible service which plays an important part in helping Acclaim to continue the growth in its business.”
Mr Di Girolamo also acknowledged the departure of Mr Hegerty, and thanked him for his tenure with the business.
“Alan leaves Acclaim in great shape and we are well-positioned to continue our growth and success, having benefited from Alan’s significant contributions scaling the business over the past 12 years.”
Mr Constable shared his vision for the company, commenting: “I deeply appreciate the board’s confidence in me as the new CEO and am greatly looking forward to expanding the partnership network.
“Driving the distribution function of the business for over 10 years has allowed me to form some extremely strong relationships with our adviser network and business partners. It is these relationships and insights that will continue [to] shape my decisions moving forward.”
