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BT restructures wealth management arm

BT restructures wealth management arm

Reporter
— 1 minute read

BT Financial Group has restructured its advice and private wealth division, which will see the departure of general manager of advice Mark Spiers.

BT Financial Group's new structure will split client-facing advice businesses out into a newly created advice and private wealth division, which the company said “will leverage the expertise of BT Private Wealth”.

The new division will be led by Jane Watts, who is currently the company's general manager of private wealth.

The remaining businesses, which include those providing general advice via phone and digital channels, will be moved into customer service areas within the business’ chief operating office, led by chief operating officer Andrew Walker.

Current general manager of advice at BT, Mark Spiers, will resign from his current role in order to step into an advisory role of director, wealth development.

BT Financial Group chief executive Brad Cooper said both Ms Watts and Mr Walker were “passionate” about their roles, and the restructure will bring “greater focus” to the two parts of the company’s advice business.

“Under Jane’s leadership, BT Private Wealth has become the number one private banking business in Australia and she has previously led advice teams at some of Australia’s best known wealth businesses,” he said.

“Andrew has driven the digital transformation of the business as we continue to make it simpler and easier for customers to do business with us.”

 

BT restructures wealth management arm
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