Paul Campbell stepped down from his role as chief executive of ANZ-owned RI Advice effective 7 December, an ANZ spokesperson has confirmed to InvestorDaily.
The group cites family reasons for his decision to resign from his four-year stint in the role.
ANZ Wealth is currently in the recruitment process to hire Mr Campbell’s replacement, it said.
“A replacement will be announced in due course,” the spokesperson told InvestorDaily.
The move follows RI Advice’s appointment of ex-BT Financial Group senior manager, David Hunt, as manager of the northern region to drive growth opportunities as the industry readies for the Future of Financial Advice (FOFA) reforms.
The ANZ-owned group restructured its practice agreements earlier this year to cater for the regulatory changes found in the government’s FOFA reforms.
The terms gave advisers a choice of new business models and were designed to provide a competitive advantage in the changing financial market.
Mr Hunt said at the time of the appointment that RI’s new agreements and the high quality of their resources formed part of his decision to join the dealer group.
