Mathew Fogarty, the director of NAB subsidiaries Garvan and MLC Financial Planning, will leave NAB, following a restructure of the bank's financial advice division.
In an email to stakeholders seen by InvestorDaily, NAB general manager of advice, Ross Barnwell announced the departure of Garvan and MLC FP general manager Mathew Fogarty.
Mr Fogarty is a prominent practice management consultant and speaker and formerly ran The Encore Group, which he sold to research house van Eyk in 2011.
Following the high profile collapse of van Eyk in late 2014, Mr Fogarty joined AMP’s ipac business before joining the NAB group in the role he has occupied for three years.
The email explained Mr Fogarty has left the bank to pursue other career opportunities.
His exit comes alongside a number of senior leadership changes within the bank’s financial advice arm, exclusively reported by InvestorDaily's sister title ifa yesterday.
Other appointments have also been announced: Michael Downey as general manager of advice partnerships, Brendan Johnson as director of the Garvan and Apogee licensees, and Jasia Fabig as director of the branded channels MLC Advice and MLC Financial Planning.
“The changes made to these licensee leadership roles for Garvan, Apogee, MLC Financial Planning and MLC Advice will allow each director to focus on like propositions, driving greater differentiation and the delivery of targeted solutions to align to key client segments within each licensee,” Mr Barnwell said in the communication.
Stephen Poole will retain his role as general manager of Meritum and Alan Logan will remain in the top job at Godfrey Pembroke.
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