MLC & NAB Wealth has undertaken a restructure of its wealth and marketing divisions, resulting in a number of key executive changes.
As part of the changes, MLC advice solutions and MLC direct general manager Greg Miller will step away from his role as MLC advice solutions and move full-time into the direct portfolio business.
Miller will be replaced in the advice solutions role by Godfrey Pembroke general manager Tom Reddacliff.
“You would all be aware of the significant contribution Greg has made to the Garvan, Apogee and MLC Financial Planning businesses, and his intimate knowledge of the financial advice industry means he is extremely well placed to develop a direct offer, which will complement our existing advice business models,” MLC & NAB Wealth advice and marketing executive general manager Richard Nunn said in a note to financial advisers last week.
“Tom will continue the momentum in these advice businesses as they flourish in the new advice paradigm, marked by fee-for-service business models and strong adviser value propositions.”
Peter Smith will move into the role of Godfrey Pembroke general manager.
Smith has 17 years’ experience in the industry with his previous roles including distribution general manager for MLC’s United Kingdom businesses.
He has most recently focused on distribution for the nabInvest business.
James Meade will continue in his role as Garvan and MLC Financial Planning general manager.
MLC Advice Solutions protection advice national manager Fiona Navarro will move into the role of Apogee general manager following the retirement of Wayne Handley.
Handley will leave the business at the beginning of 2012.
“Wayne has been a valued part of MLC for over 20 years, contributing to both Apogee and the wider NAB Group,” Nunn said.
“Wayne’s entrepreneurial flair led him through the sale of Zena, leading to the formation of Lend Lease Financial Planning, and ultimately Apogee Financial Planning.
“Fiona has demonstrated her strong leadership capability in leading our successful risk specialist network for the last five years, with outstanding results, and she is well positioned to continue to meet the needs of our Apogee adviser network.”
A replacement for Navarro would be announced in the coming weeks, Nunn said.
The executive changes come into effect from 1 February 2012, he said.
