Aon merges financial services division


Aon Financial Services Group has been merged with three other divisions within Aon to create a new single unit called Financial Specialities.
The Financial Services Group provides risk management and insurance broking services to financial planners, accountants, mortgage brokers and financial services institutions. It has been combined with Aon’s Merger and Acquisition (M&A) Solutions, Environmental Services Group and Trade Credit and Surety divisions to create the new business unit.
The current client director of M&A Solutions, Jennifer Richards, will become managing director of Financial Specialities reporting to Aon Risk Solutions chief executive Lambros Lambrou.
The current heads of Trade Credit and Surety, and the Financial Services Group, Liz Botha and Stephen Trickey respectively, will continue in their roles reporting through to Richards.
The new business unit will have more than 30 members, with Lambrou stating the decision to bring the teams together would allow for further growth and improve the scale of the services across the markets served by the unit.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.