SEARCH
Fund manager and financial planning dealer group Fiducian has announced its board-level succession plans, with Indy Singh to eventually replace chairman Robert Bucknell.
In a statement to shareholders at the company’s AGM last week, Mr Bucknell announced that Fiducian managing director Indy Singh will be taking on the role of executive deputy chairman, with a view to stepping into the chairman role within the next three years.
“With the continuing growth and increasing challenges of the business, the management team is likely to expand, as required,” Mr Bucknell said.
“Indy already chairs the Fiducian Investment Management and Fiducian Services subsidiaries. These are the first steps in the implementation of our succession planning strategy.”
The chairman said he expects funds under administration to grow following a number of strategic acquisitions for the company in the financial advice market.
“Financial planning businesses have been acquired with client bases of about $97 million for our salaried and franchise planners in Victoria and New South Wales over the past year,” Mr Bucknell revealed.
“As acquisitions continue to assimilate we expect increased revenue and earnings growth in accordance with our disciplined approach to balancing growth and returns.”
The Asia-Pacific region is leading the world on ESG adoption, a new study has found. ...
The RBA is expected to lift rates by 40 basis points in June as the employment market continues to tighten. ...
Economists agree that the Reserve Bank is likely to remain in inflation fighting mode until December. ...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
