The investment platform announced it has poached an executive from Financial Simplicity as its new chief revenue officer.
In a statement, Integrated Portfolio Solutions said it had appointed Mark Papendieck to the new role, commencing on 2 August.
Mr Papendieck is currently chief revenue officer for wealth management platform Financial Simplicity, and had also held the role of general manager sales and marketing for CCUBE, which went into administration at the height of the COVID crisis last year.
The company said he would bring “a breadth of experience across the wealth management industry”, having worked on wrap platform Avanteos that was eventually sold to CBA, and Perpetual’s WealthFocus platform.
“Mark also has considerable experience in running ASX-listed companies. Having taken businesses from listing to exit, he has overseen successful corporate activity including purchases of strategic assets, the addition of institutional shareholders to share registers and a merger that resulted in the creation of a $280 million mineral development company,” the group said.
“With $8.42 billion in FUA at 30 June 2021 representing [prior corresponding period] growth of 41 per cent, Integrated has exceeded growth targets with minimal sales effort,” the company’s managing director Darryl Johnson said.
“We are genuine when we say we want to deliver a solution for wealth managers that allows them to do what they do best, save time on compliance and give them the tools they need to run an end-to-end wealth management solution for investors in every space, from retail through to ultra-high net worth and family office.
“Mark will help us deliver our solution to existing clients and the broader market and we look forward to working with Mark to help navigate Integrated through the next phase of its growth.”
The group said it would soon look to deliver new cash products and digital execution capabilities as part of its platform features.