Endowment Bond Exchange (EBX) has appointed Carolan Ibbotson as a senior business development manager.
In May this year, EBX launched a series of zero coupon bonds, known as Endowment Bonds, which can be used to establish a cash flow stream for up to 30 years in the future and which are aimed primarily at the retirement incomes market.
“Carolan will manage the marketing of Endowment Bond Exchange to advisory practices in Queensland and New South Wales. In addition, she will utilise her extensive networks to assist the business in developing relationships with national licensees and industry associations,” EBX chief executive Stephen Duchesne said in a statement.
Ms Ibbotson has nearly two decades' experience in the financial services industry in roles that include the development and distribution of structured products, retirement planning, small business consulting, financial planning, practice development and superannuation, EBX said in a statement.
The new bonds are a “planning tool” designed to provide savings and income certainty for clients, Ms Ibbotson explained.
“Investors can purchase a number of bonds with different annual maturity dates. This allows them to create a sequence of future payments at times and amounts of their own choosing, including the start date which could be deferred many years into the future,” she said.