Australian Unity loses some of its loftiness

23 November 2017
| By Outsider |
image
image image
expand image

If Outsider is any judge then the average height of executives within Australian Unity will be lower in 2018 than it was in 2016.

Why? Because Outsider notes that not only did Australian Unity lose the rather lofty Paul Harding-Davis when he departed his role as chief executive of Premium Wealth Management but it more recently lost his brother, Steve Davis, who last month left his role as chief executive of Australian Unity Personal Financial Services.

Outsider must admit to having felt quite dwarf-like when quaffing the odd bottle of red wine with Steve and Paul with both men having played their share of basketball and both of them having a taste for good red meat and good red wine.

The hyphenated Paul has lately been carrying out consultancy work, while it remains to be seen where his brother Steve ends up, although rumour has it that he is attracted to the northern climes of his youth.

In the meantime, Outsider hears rumours that the recent structural changes within Australian Unity have caused some of its advisers to review their alternatives.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

2 months 2 weeks ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 months 1 week ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 months 2 weeks ago

BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size....

3 weeks ago

The central bank has released its decision on the official cash rate following its November monetary policy meeting. ...

3 weeks ago

The CEO of L1 Group, formerly known as Platinum Asset Management, has stepped down with immediate effect, and the asset manager has announced his replacement....

3 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo